- Feed corn bids firmed: Domestic Ukrainian feed corn prices rose by UAH 100-400/ton week-on-week to UAH 8,300-9,900/ton CPT.
- Port values edged higher: Corn prices at Ukrainian ports increased by USD 2-3/ton to USD 201-210/ton CPT-port.
- Farmer selling restraint: Limited farmer willingness to sell, combined with strong domestic demand, continues to support bullish price momentum.
- Infrastructure risks: Ongoing attacks on port infrastructure and complex logistics are tightening effective supply and adding upward pressure to prices.
- Near-term outlook: Market sentiment remains bullish, though any acceleration in farmer sales could cap further gains and increase volatility.
Ukrainian Feed Corn Market Update
The Ukrainian feed corn market extended its rally in the opening week of the year, supported by tight farmer selling and firm domestic demand. Bid prices increased by UAH 100-400 per ton on the week, with current values quoted at UAH 8,300-9,900 per ton CPT across key producing regions.
At port facilities, price gains were more moderate but remained positive. Corn values at Ukrainian ports moved higher by USD 2-3 per ton, placing the current trading range at USD 201-210 per ton CPT-port.
| Market Segment | Price Range | Weekly Change | Basis / Terms |
|---|---|---|---|
| Domestic feed corn (Ukraine) | UAH 8,300-9,900/ton | +UAH 100-400/ton | CPT (inland) |
| Port feed corn (Ukraine) | USD 201-210/ton | +USD 2-3/ton | CPT-port |
Market Drivers
Market fundamentals remain supportive. Farmers continue to withhold grain from the market, limiting spot availability and allowing domestic buyers to bid higher to secure volumes. At the same time, consumer demand has stayed robust, reinforcing the upward trend in inland prices.
Export dynamics are also contributing to the strength in domestic values. Firming international corn prices, combined with ongoing infrastructure constraints, are tightening effective supply and supporting higher bids both inland and at port.
Logistics and Infrastructure Impact
Persistent attacks on Ukrainian port infrastructure and the complexity of current logistics routes continue to disrupt smooth export flows. These challenges raise transport costs and risk premiums, making it more difficult and expensive to move grain to export channels.
The resulting logistical bottlenecks are adding upward pressure to domestic price levels, as buyers compete for available volumes that can be reliably delivered despite infrastructure constraints.
Market Sentiment and Outlook
Market Sentiment: Bullish. The combination of supply restraint from farmers and steady demand creates a supportive near-term price environment for Ukrainian feed corn. The sharper increase in inland prices versus more modest port gains suggests that producers are currently capturing a larger share of the margin.
However, infrastructure vulnerabilities remain a key risk factor. Any escalation in port disruptions could trigger additional price volatility. Conversely, an acceleration in farmer selling or easing in logistics constraints could temper the current rally and narrow price spreads between inland and port markets.
Source: Market Data
Leave a Reply