Ukrainian market has run out of 2024 crop corn
Corn on the Ukrainian market ended a month earlier than last year. This was reported by analysts at Spike Brokers.
“Most market participants did not expect this, and internal balances need to be revised due to the growth in domestic consumption, which reduced the supply of grain at the end of the 24/25 season,” the brokers said.
They specified that the difference in prices between the old and new crops peaked at $50, but this does not encourage producers to sell the new crop.
Old crop prices were held at $250+/t DAP ports.
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