Category: Corn

Bullish: Ukrainian feed corn prices at Black Sea ports gained USD 1-2/t week-on-week to USD 207-217/t CPT on tight farmer selling and strong buyer competition. Bearish: USDA’s unprecedented upward revision to U.S. 2025 corn acreage triggered a 5.4% futures drop and heightened uncertainty around official supply data. Volatility: Eroding confidence in USDA statistics may shift…

Bearish: Ukrainian corn exports are down nearly 30% year-on-year, with July–January shipments at their lowest since 2017–2018, signaling weaker export performance. Supportive for prices: Reduced export pace and a cut in Sovecon’s full-season forecast point to tighter Ukrainian supply availability, limiting downside pressure on Black Sea FOB corn prices. Risk Factors: Late harvest, Black Sea…

FOB prices cut sharply: Ukraine’s minimum corn export price on a FOB basis for February dropped to USD 0.158/kg from USD 0.172/kg, an 8% month‑over‑month decline. CPT prices also lower: Minimum CPT basis price for corn was reduced to USD 0.162/kg from USD 0.167/kg, easing domestic export floor levels. Multi‑month lows: The new FOB corn…

Corn holds 2nd place in Ukrainian agricultural export revenue for 2025, unchanged from 2024. EU market share declines after the reinstatement of quotas and import duties on Ukrainian farm goods. Soybeans move up to 4th place in export rankings, displacing rapeseed from the top five. Export diversification accelerates as Ukraine seeks alternative buyers beyond the…

Slower Export Pace: Ukraine’s total grain exports for 2025/26 MY are down 27% year-on-year at 19.38 million tons as of February 6. Corn-Dominated Flows: Corn made up 98% of February shipments at 463,000 tons, while wheat exports nearly stopped at just 6,000 tons. Seasonal Weakness: February grain exports of 473,000 tons are 38% lower than…

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…