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Wheat prices expected to peak by the end of winter

Published Jan 14, 2025

Tridge summary

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

Original content

Trends in Ukrainian wheat exports and prices continue to arouse considerable interest among market participants and analysts. January and February are traditionally peak months for grain trading, when prices often reach their highest levels. Against the backdrop of global balance sheet changes, such as the correction of export quotas to the Russian Federation, Ukraine continues to play an important role in the global grain market. This was reported by analysts of the PUSK agricultural cooperative, established within the VAR. Despite some restraint on the part of importers, Ukrainian traders demonstrate a stable export pace. "As of January 13, Ukraine exported almost 400 thousand tons of wheat, and, according to forecasts, by the end of February this figure may reach 1 million tons. Against the backdrop of global restrictions and quotas that affect supply, we see stable export potential," PUSK notes. One of the key factors influencing price dynamics is the restriction of Russian ...
Source: Agravery
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