Significant volumes of Ukraine’s new-crop soybeans sold before season begins

Ukrainian farmers have already contracted significant volumes of new-crop soybeans even though the new season has not yet effectively begun. The market is actively shifting toward trading the 2026 crop, according to White Brokers analysts.

Last week, prices for new-crop non-GMO soybeans stood at around €425/t FCA for shipment by European-gauge trains at Ukraine’s western border. At these prices, however, soybeans are mainly being sold for delivery between December 2026 and February 2027.

Opportunities for earlier shipments remain limited due to shortages of logistics and transshipment capacity. White Brokers notes that logistics availability, rather than the level of demand, is currently one of the key factors shaping Ukraine’s soybean market.

Despite these logistical constraints, a significant share of future supply has already found buyers. This points to active forward contracting of the new crop, with traders prepared to secure soybean volumes several months in advance.

New-crop soybean supply from Ukrainian farmers is expected to continue increasing in the near term. This could put additional pressure on domestic prices, particularly if opportunities for prompt exports remain limited.

Tags: Ukraine, soybean