Croatia to cull nearly 12,000 pigs due to ASF outbreak

Traders are ready to pay extra for corn on the superspot, while farmers are in no hurry to sell it at the beginning of the harvesting campaign, actively contracting oilseeds. This was told to Latifundist.com by Kostyantyn Halakhandryk, co-founder of the brokerage company White Brokers.

““In the corn market today, we see a trend that some traders are “burning out” and are ready to pay extra for the product on the superspot. Depending on the delivery period, this price can range from $212 to $215/t. Mostly we say that this is delivery by October 15,” says Halakhandryk.

According to him, regarding shipments in the second half of October, in November and December, the prices are at the level of $210/t on DAP-port terms.

““Still, farmers believe in the growth of corn prices, especially since they are actively engaged in fixing contracts for sunflower, soybean, and partly for rapeseed, despite the fact that there are duties there. Farmers do not really believe in the improvement of these customs conditions that we currently have for soybean and rapeseed,” says the broker.

He added that of all the crops that farmers currently operate, they will choose what to sell, “both corn and wheat, one might say, are not in the first place for them.”

“They are more inclined to sell oilseeds, and therefore they are actively monitoring corn. I think that they will start to “drain” more actively when there is a mass harvesting company for corn. Then they will sell more actively. Of course, some of them fix certain volumes for November and December, but these are medium and large companies that are confident in their yield and see a large surplus that will need to be sold during these periods,” Halakhandryk added.

According to the Analytical Bread, most traders are interested in delivery for October or the first half of November, “there is no further excitement in sight.”

“The market is gradually starting to grow for the new harvest of cookies. Now there will be movement, but volatility, uhh.. will shake the corn in price. And most importantly, the weather can also really affect prices, it can control the supply that will go to the market, and it will be interesting. In short, it’s time to get out of the warm bath and strain the buns,” the message says.

As of September 18, Ukraine has harvested 2% of the corn crop – 388.7 thousand tons with a yield of 4.31 tons/hectare.

According to USDA forecasts, the corn crop in Ukraine in the 2025/26 marketing year will be about 32 million tons, and the export estimate is 25.5 million tons.

In the 2024/2025 marketing year, Turkey became the largest buyer of Ukrainian corn, importing 5.5 million tons of products. Currently, Turkey’s role as one of the key importers of Ukrainian corn is in question. Market experts suggest that after the corn harvest in Russia resumes, the country may regain part of the Turkish market, reducing Ukraine’s presence.

Argus Media analyst Oleksiy Yeremin notes that Ukrainian corn prices increased at the end of winter, while American prices fell, and the US began to enter traditional Ukrainian markets, “taking away business.” Today, the Ukrainian offer is economically justified, but competitiveness on an FOB basis is limited by the difference of $0–10 per ton, which allows it to operate in traditional markets, in particular in Europe.

Tags: ASF, Croatia