- Bearish (inland): Ukrainian feed corn prices declined by 100–200 UAH/t amid export pressure and growing domestic supply.
- Neutral (ports): Odessa port prices held steady at 201–210 USD/t CPT-port despite weaker inland values.
- Logistical risk: Excessive grain moisture up to 25% is slowing harvest progress and could impact near-term availability.
- Sentiment: Market sentiment is bearish inland but neutral at ports, with export demand providing a price floor.
Ukrainian Feed Corn Market Overview
Ukrainian feed corn prices moved lower over the past week, pressured by export competition and an increase in domestic supply. Demand-side prices in the interior dropped by 100–200 UAH/t, trading in the 8,400–9,700 UAH/t CPT range across major regions. Despite this decline inland, prices at the Odessa port complex remained unchanged at 201–210 USD/t CPT-port, indicating resilient export demand.
Price Snapshot
| Location / Market | Price Range | Currency / Basis | Weekly Change |
|---|---|---|---|
| Ukraine inland feed corn | 8,400–9,700 | UAH/t CPT | -100 to -200 UAH/t |
| Odessa port feed corn | 201–210 | USD/t CPT-port | No change |
| Grain moisture (selected regions) | Up to 25% | % moisture | Elevated, slowing harvest |
Market Drivers and Harvest Conditions
Robust buying interest from both domestic consumers and export-oriented traders has helped stabilize port values, even as inland prices soften under the weight of increased supply. The divergence between interior and port markets suggests that export demand is acting as a floor for FOB-related prices, while local markets absorb additional volumes at discounted levels.
Harvest progress is being constrained in several regions by excessive grain moisture, reportedly reaching up to 25%. These conditions are creating logistical bottlenecks, slowing the pace of collection, and potentially affecting quality parameters. If wet weather persists, near-term harvest volumes could be limited, tightening prompt availability and providing some support to prices.
Outlook and Market Sentiment
In the short term, the inland market remains under bearish pressure due to rising supply and softer CPT bids. However, stable port prices and ongoing export interest keep sentiment neutral at coastal terminals. Traders and producers should closely track weather patterns and moisture levels, as any prolonged disruption to the harvest may cap further downside in interior prices or even trigger a modest rebound if prompt supply tightens.
Market Sentiment: Bearish (inland CPT), Neutral (ports/CPT-port).
Source: Market Data
Leave a Reply