Ukrainian corn is actively traded on the western borders

In Ukraine, the total supply of new crop corn increased to 14 million tons, as the harvest rate remains high and the yield is gradually increasing. In October, about 1 million tons of corn were exported, in particular to European countries – 500 thousand tons, according to Spike Brokers.

About 300 thousand tons of Ukrainian corn were shipped by rail to Italy across the western border. Contracts have been concluded for delivery until June 2026. Total exports of the 2025 crop by trains to Italy are expected to reach 1 million tons.

Spot prices on the Italian market decreased by €5 compared to last week, while in Ukraine they remained stable until the end of November, and for December-January they were adjusted downward by $2-3. The spot price index for corn with delivery within 30 days increased by $2 compared to last week – to $208/ton.

In addition, corn was actively traded on the western border, with transshipment at Chop and subsequent loading into eurocars. The transaction prices are: €182-183/t (November-December 2025), €184-185/t (January-June 2026), loaded into eurocars. The market is already recording the first sales of the 2026 harvest, which was still traded at €185/t (November-December 2026).

At the same time, brokers note that Ukraine is trapped by circumstances that restrain export shipments and limit the possibilities of competition in foreign markets.

“This creates the effect of deferred supply, as producers refrain from sales, expecting better conditions. Such behavior potentially increases the risk of losing market share to competitors. At the same time, current sales remain less profitable due to the high cost of logistics,” Spike Brokers explains.

Tags: EU, Italy, Ukraine, corn