- Prices Firming: Ukrainian feed corn values at Greater Odessa and Danube ports rose by 1–2 USD/t as supply remains tight.
- Supply-Demand Imbalance: Strong purchasing interest is outpacing available volumes, lifting bids despite geopolitical and competitive headwinds.
- Moderately Bullish Tone: Traders show cautious optimism, with opportunities emerging in the price spread between Odessa and Danube ports.
- Risk Factors: Ample global corn supply, competition from other exporters, and elevated regional military risks are capping further upside.
Market Update
Ukrainian export market feed corn prices edged higher at the start of the week, extending their recent upward trend. According to APK-Inform, bid prices at Greater Odessa ports strengthened to 204–212 USD/t CPT, while Danube port facilities quoted 201–210 USD/t CPT port basis as of January 28, 2026. These levels represent an increase of 1–2 USD/t compared with the previous week’s closing prices.
The latest gains are being driven primarily by a supply-demand imbalance: purchasing demand remains firm, but available corn volumes are insufficient to fully meet buyer requirements. Despite this supportive backdrop, price appreciation remains measured, reflecting pressure from competing global suppliers, broadly adequate world corn supplies, and elevated military-related risks in the Black Sea region.
| Location | Basis | Price Range (USD/t) | Weekly Change (USD/t) | Date |
|---|---|---|---|---|
| Greater Odessa Ports | CPT / Port | 204–212 | +1 to +2 | 28 Jan 2026 |
| Danube Ports | CPT / Port | 201–210 | +1 to +2 | 28 Jan 2026 |
Analysis & Market Sentiment
Market Sentiment: Moderately Bullish
The persistent gap between strong buying interest and constrained supply is underpinning Ukrainian feed corn prices, even as geopolitical risks remain elevated. The modest 1–2 USD/t weekly increase signals cautious optimism rather than aggressive bullishness, with traders closely watching competitive offers from alternative origins and overall global corn availability.
For farmers holding inventory, the current environment favors a strategy of measured, incremental sales into price strength rather than heavy forward selling. Traders may find tactical opportunities in the price differential between Greater Odessa and Danube ports, particularly if logistics or risk premia cause these spreads to widen further.
Buyers should continue to monitor whether supply tightness persists into the coming weeks or if additional volumes enter the export pipeline. A sustained imbalance could support further price gains, while any easing of logistics constraints or increased farmer selling could cap or reverse recent strength.
Source: Market Data
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