Domestic market becomes the main sales channel for Ukrainian soybeans

Stronger domestic processing activity has supported soybean purchase prices in Ukraine, according to Spike Brokers.

The brokerage said the global soybean complex ended the week under pressure from improved weather forecasts in the United States, which triggered a sharp decline in futures prices.

In contrast, Ukraine’s physical soybean market followed a different trend. Increased demand from domestic processors lifted the indicative CPT plant price to $450/ton.

Meanwhile, export sales through Ukraine’s western border came under pressure.

“Limited logistics capacity and ample soybean supplies on the European market pushed prices for deliveries to EU countries down by as much as €20/ton over the week. This reduced the attractiveness of cross-border exports and confirms that, in the short term, domestic processing remains the more stable marketing channel for Ukrainian soybeans,” the brokers said.

Soybean prices:

• CPT plant (GM) — $450/ton (+$5/ton);
• CPT port (GM) — $430/ton;
• FCA Chop (GM) — $450/ton (+$5/ton).

Tags: Ukraine, prices, soybean