The export of corn was reoriented from the ports to the railway

As a result of the uncertainty regarding the Grain Corridor, Ukraine has increased the volume of corn exports by rail and road transport.

Market participants are quite restrained in their trading plans as long as the negotiations on the grain corridor continue. However, the logistics of transporting corn in the direction of the western borders with Europe are already scheduled until the end of the year, writes Elevatorist.

Corn prices fell in all directions. At the same time, in December due to the holidays in Europe, the number of working days for processing cargo from Ukraine will decrease, Brothers analysts note.

The latest indications of buyers for corn:

• DAP Poland (border) ~$225-230

• DAP Hungary (border) ~240-245€

• DAP Romania (border) ~235-240€

• CIF Romania (port) ~275-285€

• DAP Lithuania (center) ~295-305€

Also, the offer for wheat decreased by €10-15 per ton. For example, the sowing of winter wheat for the 2023 harvest ended at 3.6 million hectares compared to 5 million hectares last year.

The latest indications of wheat buyers:

• DAP Poland (border) ~$235-240

• DAP Romania (center) ~260-280€

• DAP Bulgaria (center) ~290-300€

• DAP Lithuania (center) ~300-320€.