Due to export delays, Ukraine’s share of the EU corn market is declining

Export volumes of Ukrainian corn remain low, with Europe accounting for nearly 60% of November shipments, according to Spike Brokers. The largest importers are Italy — 166,000 tons, Spain — 133,000 tons, and the Netherlands — 43,000 tons.

Brokers note that late harvesting and logistical challenges have reduced Ukraine’s share of EU imports. Since July 1, Europe has imported 5.6 million tons of corn, of which 64% came from Brazil, 21% from the US, and 16% (919,000 tons) from Ukraine. “Historically, Ukraine’s share rarely fell below 50%,” the report notes.

Total exports for the season are expected at around 26 million tons, but slow shipment rates could create large carryovers and increase price pressure in 2026. Brokers also report that major agribusinesses have already sold significant volumes of the 2025 crop and are actively marketing the 2026 harvest. The spot corn price index for 30-day delivery rose by $1 to $209, while December futures show a $2–3 discount to November prices.

Corn shipments to the western border traded at €185–187 (January–June 2026) and were loaded onto Eurowagons at Chop. The short logistical route to the border provides western Ukrainian producers with more predictable export deliveries by truck or rail. New sales contracts for the 2026 crop were recorded last week to Europe, with prices at €185 (November–December 2026 and January 2027), also loaded onto Eurowagons at Chop.

Tags: Italy, Ukraine, corn, export, EU