Grain prices in the Danube ports fell

During the past week, the prevailing trend was a downward trend in demand prices for grains.

Over the past week, grain prices in the Danube ports have fallen significantly. Uncertainty regarding the extension of the Grain Agreement restrained the activity of trade in the direction of deep-sea ports, IA “APK-Inform” reports.

The offer of grain in the direction of the Danube ports also decreased somewhat. So the companies that needed to urgently attract lots of large volumes (mainly wheat) for the planned vessels had to raise prices.

For food wheat and fodder, the demand prices in the Danube ports were mainly announced in the range of 200-215 and 195-205 USD/t, or 8300-8750 and 7700-8100 UAH/t SRT-port, respectively. Demand prices for corn are 195-205 USD/t, or 8200-8450 UAH/t SRT port.

Demand for barley remained very limited. Prices fluctuated between 190-195 USD/t, or 7500-7800 UAH/t. The slow supply of supply from farmers led to a gradual reduction in grain stocks of importers and some recovery of their demand.

The excitement surrounding the negotiations led to a drop in world prices for wheat and corn. Thus, wheat prices on the Chicago Stock Exchange fell by 0.9% (to 6.73-3/4 dollars per bushel). Corn futures fell 1% to $6.11-1/4 a bushel.

USM recently wrote that “Ukrzaliznytsia” temporarily limited grain transportation to the port of Izmail. The convention will last from March 13 to 17.