Grain Markets Eyes on Usda Report

Ukrainian traders have exported 9.5 million tons of grains Wheat export is the only indication that didn't exceed last year results.

Mintec Global
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ODESA: From the beginning of the 2021/22 marketing year (July 1, 2021), as of September 8, Ukraine exported 9.5 million tons of cereals and legumes.

Thus, grain export this season is 669 thousand tons higher than the same period last marketing year.

In particular, as of the reporting date in terms of grain crops from Ukraine exported:

  • wheat – 5.33 million tons (558 thousand tons less than in the same period 2020/21 MY)
  • barley – 2.87 million tons (543 thousand tons more)
  • rye – 13.8 thousand tons (12.4 thousand tons more)
  • corn – 1.27 million tons (671 thousand tons more)

Wheat export reduction at the beginning of the season compared with last year can be explained by significant price growth during the last 2 months. For now, milling wheat purchasing prices in Ukrainian ports stopped at the level 275-278 $/T and feed wheat – 265-268 $/T.