Feed wheat supports the pace of Ukrainian exports in September
Ukraine exported wheat in September at a slightly higher rate than last year, which confirms the stable demand for grain.
This is reported by analysts at Spike Brokers.
At the same time, the bulk of exports is feed wheat. The lack of corn supply on the market supports feed wheat, which is confidently trading at $205-208, depending on protein content.
Prices for the entire wheat group have stabilized in the export direction and remained unchanged compared to last week. Sellers’ resistance to sales at lower levels forms support, and seasonality opens up the potential for further growth.
The domestic market continues to pay $5-10 per ton to export prices for milling wheat, depending on quality indicators.
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