Ukraine. Traders need about 3 mln tons of corn for October-November
As of September 18, only 2% of corn areas in Ukraine were harvested, compared to 13% last year. The market is experiencing a supply shortage, which supports prices against the background of active demand from traders and exporters. This is reported by Spike Brokers.
In September, exports amounted to only 19 thousand tons, which indicates the practical depletion of stocks.
Traders are actively forming purchases for October-November and estimate their needs at about 3 million tons. This may be a factor in supporting prices against the background of the delay in the harvesting campaign and restrained sales from farmers.
The spot corn index with delivery within 30 days has risen to $ 211 / ton, and for September delivery you can get a premium of up to $ 10 and sell at $ 220 CPT port.
The main demand remains from Italy: prices for shipment until October 10 reach €200–205/t FCA Chop, while for November-December — €184–185/t.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Honduras corn production at risk due to lack of funding
US soybean farmers seek stronger guarantees despite Trump–Xi agricultural trade pl...
Iran to develop alternative transport routes to overcome sea blockade
US wheat prices show record weekly decline since August
Malaysian palm oil futures posted a second straight weekly gain
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon