Ukraine may update the record for monthly soybean exports in November

Ukraine has already exported 425 thousand tons of soybeans in 20 days of November, and if this figure reaches 560 thousand tons at the end of the entire month, this will be an absolute record for all years. This was reported by experts from the analytical center of the agricultural cooperative “PUSK”. “The excitement continues on the Ukrainian soybean market. In November, 425 thousand tons were already exported, 500 thousand tons were contracted for December, and there are sales for January and February. Ukrainian soybeans, which are $40-50 per ton cheaper than American and Brazilian soybeans, are purchased primarily by the EU. The soybean boom is supporting rising prices in Europe for soybean meal, which has risen in price by $120 per ton. There is also demand from Turkey,” the report notes. It is also indicated that indicative prices for soybeans in Odessa ports are $410-415 per ton, and volumes of 200-300 tons can be sold at a price of $425. “Mills are also raising purchase ...