Author: Viktoriia Ray
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Ukrainian Wheat Prices Drop in December on Port Disruptions
Bearish pricing: Ukrainian milling wheat prices in Greater Odessa ports fell USD 6-9/ton in December, ending at USD 208-216/ton CPT (Class 2) and USD 206-214/ton CPT (Class 3). Feed wheat weakness: Feed wheat prices declined by an average USD 9/ton to USD 197-207/ton CPT (port) as buying interest eased toward month-end. Logistics-driven pressure: Military threats,…
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Russian Oilseed Prices Drop; Outlook Weakens
Bearish: Russian soybean prices fell 9.8% month-on-month in November 2025 and are down 24.1% year-on-year amid weak processing demand. Bearish: Rapeseed prices slipped 0.5% on the month and 8.8% year-on-year, reflecting deteriorating margins in the crushing sector. Mixed: Sunflower seed prices rose 1.1% in November but remain 10.7% below year-ago levels, signaling only tentative support.…
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Ukrainian Rail Freight Rates: Grain Stable, Others Mixed
Stable grain logistics: Ukrzaliznytsia keeps grain car rental rates flat at UAH 1,250/day for January 2025, supporting cost predictability for grain exporters and domestic traders. Diverging costs by segment: Tank cars for food products jump 27% while flour car rates fall 27%, signaling shifting demand across processed and liquid agricultural cargoes. Higher bulk freight costs:…
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Ukrainian Sunflower Seed Prices Plunge to 4-Month Low
Sunflower seed prices in Ukraine fell by over UAH 1,000/ton in a week to UAH 26,000-27,600/ton CPT, hitting a four-month low for the 2025/26 season. Missile and drone attacks on Odessa ports have reduced or suspended unloading operations, causing storage bottlenecks and factory shutdowns. Trade activity has slowed sharply as full storage tanks, security risks,…
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Argentina Soybean Yields Jump 77% on Pig Wastewater
Bullish: Argentine field trials show soybean yields rising 77% (2.6 to 4.6 t/ha) and corn yields up 7,000 kg/ha using pig wastewater technology, with notable long-term soil fertility gains. Bearish: Potential future expansion of this technology in South America could add to global soybean supply and pressure prices, while rising Russian fertilizer output may raise…
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Kazakhstan Wheat Prices Rise After State Buyer Steps In
Kazakhstan wheat prices firmed as state-owned Food Corporation began direct purchases, lifting offers for all grades. Black Sea export flows strengthened with Novorossiysk wheat loadings rising 5.7% week-on-week to 409,000 tonnes. Russia expanded export geography as Kemerovo Oblast completed its first-ever 1,200-tonne wheat shipment to Vietnam by rail. Overall tone: Neutral to slightly bullish on…
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Cherkizovo Bond Issue: 1B Rubles to Boost Integration
Financing Secured: Cherkizovo launches a 1 billion ruble OTC bond at an effective rate of 16.7% to fund vertical integration and product improvements. Sector Momentum: Russian agricultural bond issuance reached 22 billion rubles in 2024, up 18% year-on-year, signaling strong capital market access. Grain Demand Supportive: Continued investment in Russia’s meat and livestock sector underpins…
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Kazakhstan Grain Exports Stalled by Logistics Bottlenecks
Logistics bottlenecks persist: Railcar shortages, congested docks, and tighter border controls are keeping Kazakhstan’s grain exports subdued despite the formal lifting of loading restrictions. Prices steady but demand weak: Grade 4 wheat is offered around USD 210/t DAP with softer bids near USD 203/t, while premium 25%+ gluten wheat holds in the USD 230–240/t range…
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Ukrainian Corn Exports Surge as Black Sea Prices Rise
Bullish: Ukrainian corn exports dominate Black Sea activity, supported by strong EU and Turkish demand and rising prices. Bearish: Persistent geopolitical and security risks around Ukrainian port infrastructure threaten potential export disruptions. Bullish: Tight US export availability for January–February underpins Ukraine’s competitiveness in nearby shipment slots. Bullish: Domestic Ukrainian corn prices are firming, reflecting robust…
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Russian Wheat Production Jumps 11% in 2025
Production Surge: Russia’s 2025 net wheat harvest climbs 11% year-on-year to 91.37 million tons, boosting exportable supply. Yield Strength: Average wheat yield rises 17% to 34.4 centners per hectare, underscoring strong agronomic performance. Regional Shift: Stavropol Krai overtakes Krasnodar as top producing region with 8.19 million tons. Bearish Price Signal: Larger Black Sea export availability…