- Bearish: Ukrainian feed corn prices fell UAH 100-200/ton domestically and USD 2/ton at ports amid weaker export markets.
- Supportive: Strong domestic demand and farmer reluctance to sell limited the scale of the price correction.
- Outlook: Export market weakness points to continued downward pressure, especially if farmer selling accelerates.
Ukrainian Feed Corn Market Update
Ukraine’s feed corn market came under notable downward pressure last week as export prices weakened. Domestic bid levels declined by UAH 100-200 per ton, with corn now quoted in a range of UAH 9,900-11,200 per ton CPT across the country. Despite this correction, firm interest from domestic consumers helped cushion the fall in prices.
At the port level, feed corn values slipped by USD 2 per ton, bringing prices to USD 224-232 per ton CPT port. The adjustment reflects a softer export environment and tightening margins for traders, even as Ukraine remains price-competitive on the global market.
On the supply side, farmers continued to limit sales, expecting better price opportunities ahead. This restrained selling behavior kept overall supply tight and prevented a steeper decline in both domestic and port prices, despite the bearish tone from export markets.
Price Overview
| Market Segment | Price Range | Change | Basis |
|---|---|---|---|
| Feed Corn (Domestic) | UAH 9,900-11,200/ton | -UAH 100-200/ton | CPT Ukraine |
| Feed Corn (Port) | USD 224-232/ton | -USD 2/ton | CPT Port |
Market Analysis
The overall market tone is bearish, with export market weakness acting as the main driver of the recent price declines. While robust domestic demand and constrained farmer selling provide a measure of support, they have only partially offset the pressure stemming from lower export bids.
Looking ahead, Ukrainian corn values are likely to face continued downward pressure as long as export prices remain under strain. Any shift in farmer behavior toward more active selling could quickly increase available supplies and accelerate the current price decline. Conversely, sustained farmer restraint and persistent domestic demand may limit further downside, even as margins for exporters remain tight at USD 224-232 per ton CPT port.
Source: Market Data
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