Corn in Ukraine has a chance to reach break-even level
Domestic grain prices in Ukraine currently stand at around $100/t, which, depending on the region, is at least $50/t below production costs. Low export prices remain one of the main challenges for Ukrainian farmers.
At the same time, the situation in the corn market may improve. According to LNZ Export Director Volodymyr Humeniuk, corn production problems in Europe and strong external demand could support Ukrainian prices.
Prices are already rising, giving corn a chance to reach the break-even level or even move slightly above it. This could partially improve the economics of corn production for Ukrainian farmers.
According to Humeniuk, soybeans and sunflower seed currently remain profitable for Ukrainian producers, while the situation with grains is much more difficult due to low domestic prices and export restrictions.
Under these conditions, farmers are likely to continue cutting costs and optimizing production processes. Further corn profitability will depend primarily on price dynamics and external demand.
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