Prices for Ukrainian wheat dropped after the forecast of the US Department of Agriculture
17.01.2022 - 17:45
The cost of Ukrainian wheat dropped after the January forecast of the US Department of Agriculture (USDA). Corn prices have not changed yet.
As a result of Friday, January 14th, the cost of offers of Ukrainian wheat with protein 11.5%/12.5% FOB Mykolaiv with delivery in January decreased by $3-5/ton to $326-327/ton against Tuesday, January 11th. This is due to the USDA January report, according to Refinitiv Agriculture.
Grain prices in shallow water ports managed to maintain their positions on Tuesday – $301-304/ton for 11.5%/12.5% protein for January delivery.
As for corn, its offers in Mykolaiv remain stable. As of January 14th, many sellers offered corn for delivery in January-early February at the level of Tuesday – $275/ton FOB Mykolaiv.
Read also: Ukrainian traders are asked to sell more milling wheat
