Ukrainian wheat prices in the coming weeks will be determined by the pace of harvest, yield, and grain quality

The approaching harvest continues to put pressure on the Ukrainian wheat market. During the week, grain prices in ports decreased amid expectations of increased supply and restrained export activity. This is reported by White Brokers.

Thus, prices for feed wheat on DAP-port terms dropped to $214/t. Grade 3 wheat was traded at around $217/t, and grade 2 wheat at $218/t.

Brokers call the main factor in the price decline the imminent start of the new marketing season and the start of the harvesting campaign. Most buyers are already reorienting themselves to the new crop and are in no hurry to purchase large volumes of grain from the old crop.

Additional pressure on the market is created by expectations of increased supply after the active start of the harvest. This creates cautious sentiment among traders and restrains demand.

At the same time, export activity remains moderate. Some international buyers are taking a wait-and-see approach, assessing the prospects for the wheat harvest in the Northern Hemisphere. As a result, external demand is not yet providing support for prices.

Supply from farmers is also increasing. On the eve of the harvest, producers are more active in selling the remains of grain from the old harvest, which intensifies competition in the market. White Brokers note that in the coming weeks, the key influence on prices will be the pace of harvesting, yield and quality of the new season’s wheat. It is these indicators that will determine further market dynamics.

Tags: wheat, Ukraine, prices