Ukrainian wheat exports have reached nearly 400 thousand tons in January and are on track to hit 1 million tons by February end, despite global supply restrictions. The conditional cost of wheat in Ukrainian ports is currently $220–$225 per ton, with expectations of reaching $230 per ton for the third class. Local factors, such as the memorandum between the Ukrainian Grain Association and the Ministry of Agriculture to limit exports to 16.2 million tons, are also supporting prices. The next two months are expected to be optimal for wheat selling, though the market may fluctuate in March-April with new crop information.