Prices for Ukrainian wheat dropped after the forecast of the US Department of Agriculture
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