Soybean prices in Ukraine are rising following stock market quotes

last year at this time 5.82 million tons of soybeans were threshed from 96% of the area with a yield of 2.28 tons/hectare. During the week, export prices for GM soybeans increased by another $3-5/t to $408-410/t or UAH 17,700-17,800/t, and for non-GM soybeans – by $10/t to $435-445/t or UAH 18,700-19,200/t 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 currency contracts due to the complexity of the export procedure. The pace of soybean exports from Ukraine remains low, and an increase in export supplies is not expected due to high competition on the world market, which will intensify in January-February. At the same time, demand from processors was even higher, so they increased prices with delivery to the factory by 500-600 UAH/t to 17,200-17,800 UAH/t for GM soybeans and 18,800-19,000 UAH/t for non-GM soybeans in order to attract maximum volumes from producers. ...