Author: Viktoriia Ray
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Russian Wheat Exports Surge 2.7x, Near Record
Export Surge: Russian wheat exports jumped 2.7x year-on-year in March 1–20 to 3.1 million tons, putting total monthly shipments on track to challenge the March 2022/23 record of 6.2 million tons. Demand Drivers: Egypt and Turkey sharply increased wheat purchases, while Iran and Turkey emerged as key outlets for rebounding corn and barley exports. Freight…
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Ukrainian Export Credit Agency Backs UAH 5.9B
Export momentum: Ukraine’s ECA backed UAH 5.9 billion in export contracts for 16 exporters in January–February 2026. Regional concentration: Khmelnytskyi region received 78% of total support, highlighting strong inland production capacity. Market diversification: Germany and Poland lead demand, with additional flows to Western, Eastern, and Scandinavian markets. High leverage: Each UAH 1 of ECA liability…
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Ukrainian Agricultural Road Exports Decline 27% in March
Bearish: Ukrainian agricultural road exports fell 27% in early March versus the same February period, pointing to weaker overland trade flows. Neutral: Daily shipment volumes remained stable within a narrow range, indicating operational consistency rather than acute logistical disruption. Structural: Poland remains the key export corridor, reinforcing its strategic role in channeling Ukrainian agricultural products…
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Argentine Sunflower Seeds Rejected by Bulgaria Over Pesticide
Third consecutive Argentine sunflower seed cargo to Bulgaria rejected for exceeding EU pesticide limits, with deltamethrin levels twice the permitted threshold. Cumulative rejected volume has reached about 118,500 tons of Argentine sunflower seeds currently held in Bulgaria. Quality issues in Argentine supply are supportive for Black Sea origin sunflower seeds in EU markets, potentially tightening…
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Global Soybean Processing Hits Record 370.6 Mt (2025/26)
Global Soybean Processing Surges to Record 370.6 Million Tonnes in 2025/26 Record processing: Global soybean crushing projected at a record 370.6 million tonnes in 2025/26, up 12.5 million tonnes year-on-year and 55 million tonnes over three years. Black Sea expansion: Russia and Ukraine ramp up soybean crushing, strengthening regional meal and oil supply and slightly…
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Ukrainian Feed Corn Prices Surge on Tight Supply
Bullish: Ukrainian feed corn prices rose by 100-200 UAH/t to 9,000-10,600 UAH/t CPT on tight supply and strong domestic demand. Bullish: Farmers are withholding grain, offering only small volumes at near-maximum prices in anticipation of further gains. Neutral: Port prices remained stable at 210-217 USD/t CPT-port, signaling that export values have not yet fully reflected…
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Ukrainian Grain Rail Deliveries Top 1.55M Tons in March
Steady export flow: Ukrainian seaports received 1.55 million tons of agricultural products by rail in March 1–17, underscoring robust logistical capacity via Black Sea corridors. Grain-dominated mix: Grain accounted for about 92% (1.43 million tons) of rail volumes, signaling strong competition and potential pressure on bulk freight rates. Limited processed products: Processed commodities such as…
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Soybean Meal Prices Set to Fall on Record Supply
Record production: Global soybean meal output in 2025/26 is forecast to exceed 290 million tonnes, up 7.9 million tonnes year-on-year and well above the 10-year average. Bearish pricing: Analysts view current soybean meal prices as overvalued, with downside risk from record opening stocks and strong Argentine export flows. Demand expansion: Global consumption is projected to reach a…
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Russian Wheat Exports Rise as Prices Hold Firm
Russian wheat prices stable: 12.5% protein FOB values hold at $238-242/ton, sustaining the Iranian crisis-driven price surge. Exports revised higher: March wheat shipments now estimated at 4.2-4.6 million tonnes, near record levels for the month. Market tone: Neutral to bullish as firm prices coexist with strong export momentum and solid global demand. Logistics: High port…
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Ukraine Grain Exports Fall 23% by Late March
Export Slowdown: Ukrainian grain and legume exports are down 23% year-on-year to 24.818 million tons as of March 23, 2025/26 MY. Major Grains Hit: Wheat exports are down 26% and corn exports down 19% versus the same period in 2024/25. Broad-Based Declines: Barley, rye, and flour exports have all fallen compared with last marketing year.…