Grain prices in Ukrainian ports strengthened at a level above $150

Stabilization of grain prices in the ports led to the recovery of demand in the final corn markets.

As of March 22, 2024, corn was trading above $150 heading to seaports. In the Danube ports, corn prices ranged from $155 to $157, Spike Brokers wrote .

The latest indications of buyers:

• DAP Ukraine (Odesa) ~$150-153;

• CIF Romania (port) ~$178-180;

• CIF Turkey (port) ~$195-200;

• CIF Egypt (port) ~$206-208;

• CIF Italy (port) ~$209-211;

• CIF Spain (port) ~$210-212;

• CIF China (port) ~$235-237.

Prices for fodder wheat are holding at the level of corn and were traded in the range of 150-152 dollars per ton in Black Sea ports. The premium for food wheat at the ports remains at $15 per ton of wheat with a protein content of 11.5%.

Italy, with delivery in May-June, bought wheat with a protein content of 11% in the range of 190-195 euros. Negotiations of agreements for the new wheat crop in the direction of Europe have been stopped due to uncertainty regarding the import regime for Ukraine.

The latest indications of buyers:

• DAP Ukraine (Odesa) fodder ~$148-152;

• FOB Ukraine (Danube) fodder ~$168-170;

• CIF Italy (port) 10.5pro ~$210-212;

• CIF Spain (port) 10.5pro ~$210-212;

• CIF Greece (port) 11.5pro ~$212-215.

The price of sunflower continues its upward trend. Experts of Spike Brokers noted that processors are trying to provide their own capacities with raw materials for the next 3-4 months as much as possible.

The latest indications of sunflower buyers:

• CIF Romania (port) ~$415-420;

• CIF Bulgaria (port) ~$420-425.

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