Corn prices tend to strengthening
The restoration of demand in corn markets and the decrease in sea freight prices caused strengthening of prices in Ukrainian ports. As a result, traders are ready to buy corn above 150 USD/t in the direction of seaports. Danube ports are buying corn in the range of 155-160 USD/t. A drop in rail freight across Europe supported corn price levels on the western border. So, corn was traded in the range of 145-150 EUR/T, loaded in a European train for the period of April-May.
The latest indications of buyers:
- CPT Ukraine (Odesa ports) – 150-155 USD/t
- CPT Ukraine (Western border) – 140-145 EURO/t
The prices of feed wheat remained at the same level with corn
Thus, delivery of feed wheat to Black Sea ports gives farmers price range of 150-155 USD per ton. The premium for milling wheat in the ports remains at 15-20 USD per ton of wheat with a protein content of 11.5%. For example, Italy bought milling wheat in the range of 190-195 EUR/twith delivery in May-June. Discussions of agreements for the new wheat crop in the direction of Europe have been stopped by the uncertainty regarding the import regime for Ukraine.
The latest indications of buyers:
- CPT Ukraine (Odesa ports) feed wheat – 148-152 USD/t
- CPT Ukraine (Danube ports) feed wheat – 168-170 USD/t
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