Category: Corn

Resumed exports: NIBULON restored Ukrainian corn shipments to Algeria for the first time since 2023. New state buyer access: Corn was supplied directly to Algeria’s state-owned grain agency ONAB via government tenders. Strategic market expansion: The deal strengthens Ukrainian corn presence in North Africa and supports Ukraine’s role in global food security. Market tone: Impact…

3tentos receives ANP approval to start corn ethanol production in Mato Grosso, reinforcing Brazil’s shift into corn-based biofuels. New plant can process around 240 million m³ of ethanol annually, adding significant domestic demand for Brazilian corn. Impact on Black Sea corn is neutral, as regional export markets differ, though global price dynamics bear watching. Brazil…

Supportive for Mexican producers: Fair Price System introduces forward contracts, input discounts, and risk protection to stabilize white corn incomes. Neutral for Black Sea corn: Focus on white corn for human consumption means limited immediate impact on Mexico’s yellow corn import demand. Supply chain strengthening: 61,000 producers and over 80 input suppliers coordinate to improve…

Bullish: Ukrainian feed corn prices climbed to 10,000-11,400 UAH/t CPT domestically and 226-234 USD/t CPT-port on tight supply and strong demand. Bullish: Limited farmer selling and aggressive buying from processors and traders are keeping the market structurally tight. Bullish: Competition to cover existing export contracts is pushing bids higher across key trading hubs. Bullish: No…

Record Corn Output: Argentina’s 2025/26 corn production forecast raised to a record 64 million tonnes, adding 3 million tonnes to global supply. Strong Soybean Yields: Soybean forecast lifted to 50.1 million tonnes on exceptional average yields of 32.8 c/ha, the highest in six seasons. Export Competition: Larger Argentine corn and soy crops are neutral to bearish for Black Sea…

Corn duties: Export tax on Argentine corn to fall from 8.5% to 5.5% by end-2028, via gradual quarterly cuts. Soybean duties: Soybean export tax to decline from 24% to 15% over 2027–2028 through monthly reductions. Policy shift: Measures complement recently announced wheat duty cuts, signaling a broader easing of Argentina’s grain export regime. Market impact:…

Firm Asian demand: South Korea’s MFG booked 135,000 tonnes of feed corn for Q3–Q4, signaling resilient feed use in the region. Stable price levels: Tender prices around $272 per tonne C&F highlight current equilibrium in global corn trade despite supply competition. Competitive origins: Flexible sourcing from the US, South America, and South Africa keeps pressure…

Bullish: Kazakhstan is adding up to 10,000 hectares of irrigated corn and safflower, leveraging AI-driven irrigation and new processing capacity to capture regional demand growth. Bearish: Additional 40,000–50,000 tons of regional corn supply by 2030 could pressure Black Sea corn export premiums to Iran and Central Asian destinations. Kazakhstan Corn Expansion Overview Two major investment…

Bullish: Ukrainian feed corn export prices rose USD 2-4/t on the week amid tight domestic supply and strong import demand. Bullish: Buyers are competing for limited volumes at Greater Odessa and Danube ports, reinforcing sellers’ pricing power. Bullish: Supportive global corn and wheat fundamentals are adding upside momentum and limiting downside risk. Ukrainian Corn Export…

Bullish: Russian corn export revenues exceeded $260 million in Q1 2026 (+55% y/y), supported by a 68% jump in volumes to 1.2 million tons. Bearish: Surging Russian supply into China, Kazakhstan and other Asian/Middle Eastern markets increases competition and may pressure rival origins’ corn prices. Russian Corn Export Surge in Q1 2026 Russia exported 1.2 million tons of corn in…