Corn prices in Ukraine continue to rise due to producers' sales restraint

the week due to a rather low supply from farmers. In Ukraine, about 8% of the corn crop remains unharvested, so farmers expect prices to rise due to the crop shortfall. However, 29 million tons of grain have already been threshed, which exceeds last year’s harvest of 26.8 million tons. In January, Ukraine exported 2.9 million tons of corn, of which 625 thousand tons went to Turkey, 606 thousand tons to Italy, 280 thousand tons to Spain, 239 thousand tons to Egypt, and 229 thousand tons to Tunisia. However, in total, only 8.8 million tons were exported during the season (compared to 12.86 million tons last year) out of the 23 million tons projected for the MY 2025/26 (20 million tons in the MY 2024/25). March corn futures in Chicago have been trading at $168/t for two weeks now (-3.5% per month) and have not yet responded to the high export rates and statements about a possible increase in supplies to China and India. In the MY 2025/26 (as of January 30), the US exported 32.6 ...