Category: Corn

Indonesia Corn Market Update: Bulog Expands SPHP Program Massive program scale-up: Bulog plans to distribute 500,000 tonnes of corn in 2026 under the SPHP scheme, a tenfold increase from 2025’s 51,200 tonnes. Domestic procurement drive: Up to 1 million tonnes of corn will be purchased from local producers to strengthen Indonesia’s strategic reserves. Feed price…

Bullish: Ukrainian feed corn bid prices at ports increased by 2–3 USD/t as buyer interest outpaced available grain supply and currency moves added upward pressure. Bearish: War-related logistics constraints, subdued export activity, and strong competition from other global suppliers are capping further price gains. Ukrainian Corn Market Update Ukrainian feed corn export prices strengthened modestly…

Corn seed imports jump 40%: Rostov Region corn seed imports rose to 16.2 tons in 2025, signaling stronger planting intentions and mildly bullish sentiment for future corn production. Sunflower and vegetable seeds decline: Sunflower seed imports fell 20% to 25 tons and vegetable seeds slipped 6% to 32 tons, suggesting a possible shift in acreage…

Potential EU tariffs on US corn would affect only 300,000–400,000 tons, mainly Spanish imports. Historical EU practice is to exempt corn in trade disputes to protect Spain’s livestock and feed sector. Even in a tariff scenario, incremental demand for Ukrainian corn in the EU would be marginal. Overall impact on Ukrainian corn exports is assessed…

Bullish: New 3 million ton Kazakhstan corn processing plant creates sustained export demand for Russian corn, particularly from Saratov. Bullish: Kazakhstan’s corn deficit and falling stocks support stronger pricing for regional producers tied to industrial processing demand. Bullish: Russian corn gains a replacement outlet for volumes previously shipped to Iran, underpinning export flows into 2027.…

Production growth: Indonesia’s 2025 corn output rose 6.44% year-on-year to 16.11 million tonnes, supported by expanded acreage. Acreage expansion: Harvested area increased 6.73% to 2.72 million hectares, underpinning the production gains. Short-term outlook: December 2025–February 2026 production is forecast at 4.22 million tonnes, up 0.71% from the prior year. Trade impact: The increase is neutral…

Bearish: Ukrainian feed corn export prices declined USD 1–2/ton amid a stronger global supply outlook and USDA’s upward revisions to US and Chinese production. Supportive: Farmer reluctance to sell and stable buyer demand in Ukraine are helping to limit further price erosion despite geopolitical and global market pressure. Global Competition: South Korean tenders favoring South…

US corn output surges: Global 2025/26 corn production is projected at 1,283 Mt (+4.3% y/y), driven by a 12.5% jump in US output to 425.5 Mt. Ukraine strengthens export role: Ukraine’s corn crop is seen up 8.2% to 29 Mt, enabling it to maintain 23 Mt of exports despite EU production decline. Trade flows reshuffle:…

Feed corn bids firmed: Domestic Ukrainian feed corn prices rose by UAH 100-400/ton week-on-week to UAH 8,300-9,900/ton CPT. Port values edged higher: Corn prices at Ukrainian ports increased by USD 2-3/ton to USD 201-210/ton CPT-port. Farmer selling restraint: Limited farmer willingness to sell, combined with strong domestic demand, continues to support bullish price momentum. Infrastructure…

First U.S. corn cargo since 2018: A 57,855-tonne shipment arrived in Chittagong on January 7, signaling renewed U.S. price competitiveness in Bangladesh. Import growth: Bangladesh’s 2025–26 corn imports are forecast at 1.5 million tonnes, up 6% year-over-year, driven largely by expanding poultry feed demand. Brazil’s dominance challenged: Brazil currently holds a 93% share of Bangladesh’s…