Corn traded from $150 to $155-157 and soybean prices increased by €10 in Ukraine

Maize (Corn)

Nuts & Seeds

Published Mar 25, 2024

Tridge summary

The demand for corn sales in final markets has led to a surge in prices in Ukrainian ports, with corn trading above $150. Fodder wheat is trading at the same level, while sunflower prices continue to rise. Soybean prices have also seen an increase, reaching €10 per ton. The decrease in rail freight across Europe has helped maintain corn prices on the western border. However, discussions about new wheat crop agreements towards Europe have been paused due to uncertainties about Ukraine's import regime.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The restoration of demand in the final markets for corn sales caused the strengthening of prices in Ukrainian ports. Fodder wheat is traded at the same level as corn, and the price of sunflower continues its upward trend. And the price of soy rose to €10. This is reported by Spike Brokers analysts. They note that corn traded above $150 in the direction of seaports. Danube ports bought corn in the range of $155-157. A drop in rail freight across Europe to an off-season low supported corn price levels on the western border. Corn was traded in the range of €145-150, loaded in a European train for the period of April-May. The new crop of corn is boldly traded at the levels of 145-148€ for the period from October to July. The latest indications of buyers: It is also emphasized that the prices of fodder wheat are kept at the level of corn and were traded in the range of $150-152 per ton in the Black Sea ports. The premium for food wheat in ports remains at $15 per ton of wheat with a ...

Source: Superagronom