Grain prices in Ukraine

Ukraine’s agro-industrial sector plays a significant role in the world markets. Knowing grain prices is important because they serve as an indicator of the industry’s state. Prices can have different dynamics, and this can be seen by paying attention to statistics. Now, it is easy to do this using data from UkrAgroConsult.

What influences the formation of the grain price?

The market for grain, including wheat, can be unpredictable as it depends on several factors. First and foremost are the qualities of the products. To determine this, technological indicators are evaluated. These include appearance, colour, moisture content, cell content, vitreousness, protein content, etc.

Futures prices can be predicted by taking into account supply and demand, available grain stocks, and the level of competition. Exchange delays affect the dynamics of trading, as important information may appear with a delay. This can lead to irrational decisions, even by investors, which affect the market as a whole.

Looking at market movements, we can see an increase in the price level of cereals, which is linked to changes in the prices of other agricultural commodities such as cotton. These changes indicate significant volatility in commodity prices, which are affected by a variety of factors including weather conditions, crop yields and production policies in different countries.

On Thursday, traders are actively discussing upcoming deals and assessing the risk associated with selling grain under the current contract. Many producers are also looking at price forecasts to make informed decisions about selling at the bushel level and optimising their returns.

What is the cash price for corn, barley, and soybeans?

Since 16 September the price of wheat has been 7350 UAH/t, barley – 7150 UAH/t and corn – 7250 UAH/t. In the following weeks there is a noticeable increase – on 23 September wheat rises to 7750 UAH/t, and on 30 September corn reaches 7950 UAH/t. At the beginning of October, the price of wheat is 8250 UAH/t, indicating growing demand.

As November approaches, prices remain high: on 21 October, wheat reaches 8650 UAH/t, barley – 7750 UAH/t, and maize fluctuates around 8450 UAH/t. As a result, there is a general upward trend in grain prices from September to November, driven by high demand and optimistic forecasts for future harvests.

Ukraine is also a major exporter of soybeans. The average price is around 19227 UAH/t including VAT, but there are some cash bids to watch here. There is and has been a wide range of prices due to variability in soybean quality, location, volume and other factors.

Are grain prices dropping?

Grain prices are used for a variety of trading purposes. Investors often base their strategies on current and forecast prices to anticipate profit opportunities. For example, if there is an expectation of falling prices, they may take short positions, which can also cause grain prices to fall further.

There is a positive trend at the moment. Profits are good for farmers, but usually peak between December and April. If you think that change is impossible to predict, just try to pay more attention to information from verified sources. Every month is different, so some farmers follow the strategy of selling grain later to get more profit.

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