Prices for soybeans in Ukraine are rising following exchange quotations.

Against the backdrop of delays in harvesting and a decrease in crop potential in Ukraine, competition for soybeans between exporters and processors has intensified, leading to a further increase in prices. As of November 6, 4.306 million tons of soybeans have been harvested from 84% of the area, or 1.83 million hectares, with a yield of 2.35 tons/ha, while at this time last year, 5.82 million tons of soybeans were harvested from 96% of the area with a yield of 2.28 tons/ha. Over the week, export prices for GM soybeans increased by another $3-5/ton to $408-410/ton or 17,700-17,800 UAH/ton, and for non-GM soybeans by $10/ton to $435-445/ton or 18,700-19,200 UAH/ton, with delivery to Black Sea ports against the backdrop of very low supply from producers who are busy harvesting late crops and do not want to sell soybeans under foreign currency contracts due to the complexity of the export procedure. The pace of soybean exports from Ukraine remains low, and an increase in export ...