Over the past week, corn prices in Ukrainian ports for the old crop rose to $230/ton due to a global market shortage, according to Spike Brokers.
Analysts note that the price for the new crop also increased by $7/ton — reaching $210/ton DAP Black Sea ports (November–December).
Sales for October are limited, as producers anticipate a late harvest and fear rainfall during collection, which could complicate contract execution in October. November prices have the potential to carry a premium over December. Port prices for the new crop remain undervalued by $5–10.
At the western border, prices are restrained: importers are receiving more offers from European producers amid improving weather and expectations that the euro will strengthen to 1.2 USD.
Latest buyer indications for the 2025 harvest:
- DAP Ukraine (Odessa): ~$208–210/ton
- FCA Ukraine (border): ~€189–191/ton
- DAP Italy (northeast): ~€218–220/ton
Wheat prices remain supported due to delays in the harvest. The current grain supply on the market is half that of last year, creating a delayed supply effect — the main volumes are expected in August–September.
Food-grade wheat prices have reached $230, which is $10 higher than last week. The price difference between 11.5% and 12.5% protein is almost negligible, while the discount for feed wheat is narrowing due to limited supply.
Up to 80% of food-grade wheat has been harvested in the central, northern, and southern regions. Expected rains in the west may increase the share of feed grain in that part of the country.
Latest buyer indications:
- DAP Ukraine (Odessa) 12.5% protein: ~$228–230/ton
- DAP Ukraine (Odessa) 11.5% protein: ~$226–228/ton
- DAP Ukraine (Odessa) feed wheat: ~$215–218/ton
