Author: Viktoriia Ray
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Black Sea Grain Prices: Mixed Signals & Trade Opportunities
Global wheat: Prices advance on US weather risks and a weak euro boosting EU export competitiveness. Global corn: Prices retreat on high inventories despite expectations of reduced US sowing area. Oilseeds exports: Soybeans and Russian sunflower oil strengthen on processing demand and anticipated Chinese buying. Domestic Russia: Rapeseed jumps 2.0% and sunflowers inch higher, while…
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Ukraine Grain Exports Down 25% as Corn Dominates
Bearish freight flows: Ukrainian grain exports are down 24.9% year-on-year to 21.2 million tonnes, signaling weaker cargo availability from Black Sea origins. Corn-driven demand: Corn makes up over half of Ukraine’s exports at 10.7 million tonnes, sustaining Panamax and Supramax employment despite overall volume declines. Regional rebalancing: Kazakhstan’s 18.5% export surge to 6.4 million tonnes shifts more grain…
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Ukrainian Vegetable Oil Rail Exports Surge 41%
Rail exports surge: Ukrainian vegetable oil rail exports jumped 41% m/m in February to 86,000 tons, and 19% y/y, signaling stronger export momentum. Robust EU corridors: Western border crossings handled 66% of oil and 75% of meal/cake volumes, underscoring the strategic role of EU land routes. Meal exports resilient: Meal and cake exports reached 151,100…
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Ukrainian Feed Barley Prices Rise on Tight Supply
Key Takeaways Ukrainian feed barley prices rose by UAH 100/t w-o-w as of February 20, now trading at UAH 9,100–10,300/t CPT. The southern region commands the top of the price range, reflecting a logistics premium for export-oriented flows. Tight domestic supply and aggressive trader competition are supporting a bullish price structure with limited near-term downside.…
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South Korea Feed Corn Tender: 132,000t for June 2026
Deal Secured: South Korea’s FLC booked 132,000 tons of feed corn via an international tender for June 2026 delivery. Price Range: Corn was purchased at $244.99–$245.97 per ton C&F, with additional unloading charges of $1.25–$1.50 per ton. Flexible Origin: Tender allowed corn from any origin, intensifying competition between Black Sea and South American exporters. Market…
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Russian wheat export duties stay at zero – Feb-Mar 2026
Key Takeaways Zero Export Duties Extended: Russia will maintain zero export duties on wheat, barley, and corn for shipments from February 23 (or February 25, per secondary source) through March 3, 2026. Moderate Price Increases: Indicative prices used for duty calculations rose slightly for wheat (to $229.9/ton) and more notably for corn (to $207.0/ton), while…
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Ukraine Fertilizer Ban Threatens 20% Crop Loss
Bearish Ukraine: Delayed approval of calcium ammonium nitrate imports risks a 20% decline in spring crop yields and tens of billions of hryvnias in lost export revenue. Structural Risk: Domestic Ukrainian fertilizer output has fallen roughly 50% since the war, leaving the sector heavily reliant on timely import approvals. Russian Constraint: Despite 73% domestic market…
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Pea Protein Concentrate Threatens Soybean Feed Imports
Bearish Black Sea soybean imports: Enzyme-processed pea concentrate offers a domestically sourced, lower-cost alternative to imported soybeans in Russian poultry feed. Improved feed efficiency: Chickens on pea concentrate showed higher weight gain with lower feed consumption, enhancing profitability and reducing reliance on premium protein feeds. Cost advantage: Ability to process substandard peas cuts protein production…
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US Corn Acreage to Drop 4.8M Acres in 2026
Corn acreage cut: U.S. corn plantings are projected to fall 4.8 million acres to 94 million in 2026, down from an 89-year high in 2025. Shift to soybeans: Soybean area is expected to rise from 81.2 million to 85 million acres, supported by renewable fuel demand. Strong output despite cuts: 2026 corn harvest is still…
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Russian Wheat Exports to Georgia Rise 21% in January
Stronger Russian presence: Wheat exports from Russia to Georgia rose 21% year-on-year in January to $5.7 million, reinforcing Russia’s role as Georgia’s primary supplier. Short-term slowdown: Despite annual growth, January wheat shipments fell 1.9 times versus December, indicating seasonal or logistical softness in near-term flows. Concentrated import risk: Georgia’s wheat imports remain heavily reliant on…