- Bullish: Feed wheat prices at Greater Odessa ports rose to 207-215 USD/t CPT on strong import demand and limited farmer selling.
- Bullish: Weather risks to spring sowing and higher logistics costs are tightening near-term supply and supporting prices.
- Bullish: Hryvnia-denominated prices gained UAH 50-100/t, reflecting additional strength from currency and parallel gains in milling wheat and corn.
Ukrainian Feed Wheat Market Update
Feed wheat bid prices at the ports of Greater Odessa continued to climb over the past week. As of March 4, purchase prices reached 207-215 USD/t CPT port, marking a weekly gain of 1-2 USD/t. The market remains underpinned by firm import demand and restrained farmer selling, which together are tightening available spot volumes.
Additional support is coming from related grain markets, with feed wheat tracking the upward moves in both milling wheat and feed corn. At the same time, weather conditions in Ukraine are raising concerns about delays to spring sowing and higher logistics costs, which could further constrain supply. Currency dynamics are also playing a role, as pressure on the hryvnia against the US dollar adds to the upside in export-oriented prices.
In local currency terms, hryvnia bid prices at the ports advanced by UAH 50-100/t over the reporting period, reaching UAH 10,200-10,600/t CPT port. Overall, the setup remains bullish, with traders closely watching currency volatility, logistics performance, and weather developments that may amplify price movements in the coming weeks.
Price Overview
| Commodity | Location / Basis | Price Range | Weekly Change | Currency |
|---|---|---|---|---|
| Feed wheat | Greater Odessa ports, CPT | 207-215 | +1 to +2 | USD/t |
| Feed wheat | Greater Odessa ports, CPT | 10,200-10,600 | +50 to +100 | UAH/t |
Market Sentiment and Drivers
Sentiment in the Ukrainian feed wheat market is bullish. The combination of robust import interest, cautious farmer sales, and adverse weather-related risks to spring planting is tightening near-term supply and sustaining upward price pressure. Parallel strength in milling wheat and corn underscores broader support across the grain complex, while currency and logistics dynamics remain key variables to watch for potential price amplification.
Source: Market Data
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