Category: Corn

Ukrainian Corn Prices Surge on Strong Export Demand and Farmer Holdbacks Key Takeaways Port prices higher: Feed corn bids rose USD 2-4/tonne in Odessa and USD 2-3/tonne in Danube ports in early February. Stronger demand: Robust importer interest and competitive corn export economics versus other crops are supporting prices. Farmer holdbacks: Restricted farmer selling and…

Structural upgrade: Russia’s first national corn quality standard, GOST 35245-2025, took effect on 1 January 2026, formalizing technical conditions for corn grain and cobs. Regional harmonization: Adoption by Belarus, Kazakhstan, Armenia, Kyrgyzstan, and Uzbekistan creates a unified corn quality framework across key Black Sea and Central Asian exporters. Export competitiveness: Expanded criteria for quality, logistics,…

South Korea secures 134,000 tons of feed corn via NOFI’s international tender on February 3, sourcing from U.S., South African, and South American origins. Prices set a mid-$240s C&F benchmark, with Mitsui and CJ International winning contracts at $243.99 and $242.94 per ton C&F, plus unloading fees. Tender volume undershoots by 35%, signaling neutral-to-bearish sentiment…

Bullish: Ukrainian feed corn prices climbed on strong domestic and export demand amid limited active supply. Bullish: Domestic bids strengthened to UAH 8,600-10,000/t CPT, while port quotes rose to USD 205-212/t CPT-port. Bullish: Small-tonnage seller offers and reluctance to release larger volumes suggest expectations for further price gains. Bullish: Export market dynamics are reinforcing domestic…

Slightly Bearish: Brazil trims its January 2026 corn export forecast to 3.39 million tons, but still keeps shipment volumes well above last year, reinforcing global supply. Neutral to Slightly Bearish for Black Sea Corn: A firm full-year 2026 export projection of 44 million tons from Brazil adds competitive pressure on Black Sea origins in key…

Weather Shock: Extreme heat near 40°C and persistent drought are stressing Argentine corn and soybean crops during critical early growth stages. Moisture Deficit: Southern Santa Fe and northern Buenos Aires require 70–80 mm of rain, with no significant precipitation expected until early February. High Planting Progress: With 93.1% of corn and 96.2% of soybeans already…

Bullish Black Sea corn: Argentine heat wave threatens corn yields, tightening global exportable supply and supporting Black Sea FOB prices. Weather risk premium: Limited rainfall before February increases crop stress during critical growth stages, encouraging risk hedging and higher basis levels. Cross-commodity support: Deteriorating sorghum and pasture conditions may shift demand toward imported feed grains.…

Prices Firming: Ukrainian feed corn values at Greater Odessa and Danube ports rose by 1–2 USD/t as supply remains tight. Supply-Demand Imbalance: Strong purchasing interest is outpacing available volumes, lifting bids despite geopolitical and competitive headwinds. Moderately Bullish Tone: Traders show cautious optimism, with opportunities emerging in the price spread between Odessa and Danube ports.…

Accelerated planting: Brazil’s safrinha corn planting has reached 4.7% of planned area, more than double last year’s 2.2% pace. Higher output outlook: 2025/26 Brazilian corn production forecast raised to 136.6 million tonnes, adding 0.6 million tonnes to expected global supply. Export competition: Larger Brazilian supplies in mid-2025 could weigh on Black Sea corn export premiums…

Domestic rally: Ukrainian feed corn prices climbed 100–300 UAH/t to 8,500–10,000 UAH/t CPT on tight farmer selling and strong buyer interest. Export support: Port prices held firm at 203–210 USD/t CPT-port, underpinned by continued strength in the international market. Bullish structure: Limited supply, robust domestic demand, and stable export values create a constructive, bullish outlook…