Corn prices in Ukrainian ports are rising due to limited supply, but forecasts of large harvests in the U.S. and Ukraine continue to put pressure on prices.
Corn prices in Ukrainian ports are rising due to limited supply, but forecasts of large harvests in the U.S. and Ukraine continue to put pressure on prices.
원본 콘텐츠
Low corn harvest rates in Ukraine and rising logistics costs have limited corn supplies to ports, forcing traders to raise spot prices for purchases necessary for export batches. Dry weather has allowed farmers to increase the rate of soybean and sunflower harvests, but they are delaying corn harvesting in anticipation of a decrease in grain moisture content. As of October 30, 10.359 million tons of corn have been harvested from 40% of the area (+9% over the week) or 1.684 million hectares in Ukraine, with a yield of 6.15 tons/ha, although at this time last year, 18.3 million tons were harvested from 76% of the area with a yield of 6.1 tons/ha. It should be noted that the average yield is higher than last year, so a harvest forecast of 32 million tons seems quite realistic. Export demand prices for corn in Ukraine have risen by another 100-150 UAH/ton to 9750-9900 UAH/ton (205-207 $/ton) for delivery to Black Sea ports in November, but demand prices for deliveries in December and ...