Ukrainian soybean prices rose by $3–8/t amid export recovery
19.05.2026 - 15:00
The market was supported by local demand recovery, in particular due to increased supplies to Turkey.
According to the results of last week, prices for Ukrainian soybeans increased by $3–8/t — to $435–445/t CPT-port. This was reported by APK-Inform Agency.
The main driver of growth was the local recovery of demand in the export direction. Thus, in the first half of May, supplies of Ukrainian soybeans to Turkey increased. At the same time, the Turkish market continues to seasonally increase soybean imports from Brazil, which increases competition for Ukrainian exporters.
Despite the increase in quotes, external factors continue to put pressure on the market. Among them are the acceleration of soybean exports from South America, active sowing in the USA and USDA forecasts for record global soybean production in the 2026/27 season.
An additional supporting factor remains the soybean meal market. Prices for Ukrainian products in the export direction are kept at a relatively high level – $ 395-407 / t DAP-western border.
Also, as USM wrote, the day before, Turkey probably refused to accept the Russian ship Panormitis with stolen grain.
