There is no demand for Ukrainian corn in deep-sea ports

Published 2023년 3월 2일

Tridge summary

The article highlights the disappearance of buyers for Ukrainian corn as the 'grain corridor' nears expiration, due to increased risk aversion. The focus has shifted to conditions for delivery to the buyer, with prices declining due to the approach of harvest season in South America and potential for corn planting in the US. New crop corn is trading at $250-$255 FOB. Prices vary across different European countries and Italy. The 'Continental Farmers Group' is planning to reduce the area for corn crops and optimize their nutrition.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In connection with the approach of the expiration of the "grain corridor", buyers for Ukrainian corn have completely disappeared, which is connected with the reluctance to take additional risks on the terms of FOB - the ports of Great Odesa. This is reported by Spike Brokers analysts. All liquidity of sellers and buyers focused on conditions delivered to the buyer CIF by water or DAP by land vehicles. Prices continued to decline on the background of the approaching harvest from South America and good prospects for corn planting in the United States. New crop corn is trading at $250-$255 FOB equivalent with November-December shipment. The latest indications of buyers: • DAP Ukraine (ports) ~$195-205; • DAP Poland (border) ~$195-200; • DAP Poland (port) ~250-254€; • DAP Poland (ex.) ~225-230€; • CIF Romania (port) ~$265-275; • DAP Slovakia ...

Source: Agrotimes