- Prices Stabilize: Ukrainian milling wheat prices held steady at USD 213-219/t CPT (Greater Odessa) and USD 211-218/t CPT (Danube) as of February 26 after the prior week’s rally.
- Supportive Fundamentals: Low domestic grain availability and solid buyer demand are underpinning current price levels.
- Global Headwinds: Strong international competition and abundant global wheat supply are limiting further price increases by Ukrainian exporters.
- Outlook: Market tone is neutral to marginally bullish, with traders watching whether local tightness or global pressure dominates in the coming weeks.
Ukrainian Wheat Market Update
Ukrainian export wheat prices have stabilized after a notable rally in the previous week. According to APK-Inform, as of February 26 milling wheat bid prices were quoted at USD 213-219/t CPT in the Greater Odessa ports, while Danube port bids stood at USD 211-218/t CPT.
The current consolidation in prices reflects a balance between tight domestic supply and persistent buyer demand on one side, and strong global competition with ample worldwide wheat availability on the other. Export-oriented companies are finding it difficult to further increase purchase prices without losing competitiveness on international tenders.
Price Overview
| Region / Port | Commodity | Price Range (USD/t, CPT) | Market Tone |
|---|---|---|---|
| Greater Odessa | Milling Wheat | 213–219 | Stable after prior gains |
| Danube Ports | Milling Wheat | 211–218 | Stable after prior gains |
Market Analysis
Neutral to Marginally Bullish: The stabilization of Ukrainian milling wheat in the low-to-mid USD 210s/t range suggests a short-term equilibrium. Tight domestic supply and steady demand are providing a firm price floor, while abundant global wheat stocks and aggressive competition from other origins are capping further upside. Going forward, traders should watch whether Ukrainian supply tightness intensifies or if continued global pressure erodes Ukraine’s export pricing power.
Source: Market Data
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