Ukrainian corn is losing demand in Europe due to cheaper grain from Brazil
Demand for Ukrainian old-crop corn from European buyers is weakening. Its price remains relatively high compared to South American grain, Spike Brokers reports.
Corn
Currently, the market is awaiting the second crop of cheap corn from Brazil, with deliveries planned closer to the end of June – beginning of July.
On the domestic market, the price of old and new crop corn is falling. Trading activity is gradually decreasing.
Latest buyer indications for the 2024 crop:
- DAP Ukraine (Odessa) ~ $226-228/ton,
- DAP Germany (NW) ~ €220-225/ton,
- DAP Netherlands (S) ~ €210-212/ton.
Latest buyer indications for the 2025 crop:
- DAP Ukraine (Odessa) ~ $196-198/ton,
- DAP Germany (NW) ~ €202-205/ton,
- DAP Netherlands (S) ~ €200-203/ton,
- DAP Italy (NE) ~ €200-205/ton.
Wheat
The new crop is strengthening its dominance on the market, pushing old wheat out of the trade focus. Interest in last year’s grain is rapidly fading — demand is minimal, and prices are noticeably dropping. Buyers are increasingly focusing on new wheat as the harvesting season approaches. Against this background, the price of the new crop wheat is also decreasing — the market feels the pressure of the expected supply.
Latest buyer indications for the 2024 crop:
• DAP Ukraine (Odesa) 12.5 pro ~ $228-230
• DAP Ukraine (Odesa) 11.5 pro ~ $227-229
• DAP Ukraine (Odesa) feed wheat ~ $210-212
Latest buyer indications for the 2025 crop:
• DAP Ukraine (Odessa) 12.5 pro ~ $208-210
• DAP Ukraine (Odessa) 11.5 pro ~ $206-208
• DAP Ukraine (Odessa) feed wheat ~ $196-198
• DAP Germany (NW) feed wheat ~ €205-209
• DAP Netherlands (S) feed wheat ~ €195-202
Sunflower
Sunflower prices continue to decline, creating a weak market for sellers. Amid low activity and uncertainty about future demand from processors, farmers, on the contrary, show high readiness to sell. This leads to increased supply, and with limited purchasing interest — only intensifies price pressure.
Latest buyer indications for the 2024 crop:
• DAP Ukraine (plant) ~ $530-540
Latest buyer indications for the 2025 crop:
• DAP Ukraine (plant) ~ $510-520 including VAT
Rapeseed
The market remains volatile amid expected supply, high demand, and farmer passivity. New crop rapeseed traded at $505–515/ton on a DAP ports basis.
Latest buyer indications for the 2025 crop:
• DAP Ukraine (Odessa) ~ $505-515
• DAP Germany (NW) ~ €468-470
Demand on the domestic soybean market remains limited, contributing to moderate price declines. In Odesa ports, the price for GMO soybeans is $384–386/ton DAP.
Latest buyer indications for GMO, 2024 crop:
• DAP Ukraine (Odessa) ~ $384-386
Latest buyer indications for NON-GMO, 2025 crop:
• DAP Italy (NE) ~ €420-425
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