Price difference between old and new crop corn in Ukraine reached $50
Corn on the Ukrainian market ended a month earlier than last year. Most market participants did not expect this, and domestic balances need to be revised due to the growth in domestic consumption, which reduced the supply of grain at the end of the 2024/25 season. This is reported by analysts at Spike Brokers.
The difference in prices between the old and new crops has reached a peak of $50 and in no way stimulates producers to sell the new crop. Exports in August at the level of 200 thousand tons only confirm the lack of supply.
Prices for the old crop were held at $250+ DAP ports. Prices for the new crop recovered to $204-206 DAP ports (October-November delivery) with limited supply. No changes on the western border – the European market is on “vacation”, so buyer activity remains very low.
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