The growth of Ukrainian grain prices is slowing down

Global traders are gearing up for a new crop of early grains that will be more readily available in the near future.

As of May 16, buyers on foreign markets remain restrained in their purchases of Ukrainian corn. This was reported by Spike Brokers.

The world market is gradually saturated with offers from South America and the USA. Traders are closing positions in Ukraine with corn and gearing up for work with the new crop of early grains, which will be more available in the near future.

The latest indications of corn buyers:

• DAP Ukraine (Odesa) ~176-178 dollars;

• DAP Ukraine (Danube) ~184-186 dollars;

• FOB Ukraine (Danube) ~196-202 dollars;

• CIF Turkey (port) ~210-212 dollars;

• CIF Egypt (port) ~216-218 dollars;

• CIF Italy (port) ~$222-225.

The growth of prices for wheat of the old crop is slowing down and there is a gradual decrease in the demand for agricultural crops. Prices for new crop wheat, voiced by buyers, are up to $10 lower than the old crop.

An obstacle to further price growth in this direction is created by the fact that producers from Serbia and Eastern Europe began to actively offer wheat of the new harvest on the Italian market. The CIF market is awaiting new crop offers and has completely slowed down activity in old crop purchases.

The latest indications of wheat buyers:

• DAP Ukraine (Odesa) fodder ~178-180 dollars;

• DAP Ukraine (Danube) fodder ~188-194 dollars;

• DAP Ukraine (Odesa) 11.5pro ~190-193 dollars;

• FOB Ukraine (Danube) 11.5pro ~205-207 dollars;

• FOB Ukraine (Danube) fodder ~$208-212;

• CIF Italy (port) 11.5pro ~225-228 dollars;

• CIF Egypt (port) 11.5pro ~$227-230.

Sunflower prices on the foreign market remain unchanged:

• DAP Ukraine (regions) ~370-395 dollars;

• CIF Bulgaria (port) ~450-455 dollars;

• DAP Bulgaria (center) ~450-460 dollars;

• CIF Turkey (port) ~455-460 dollars.

Prices for Ukrainian shipments of rapeseed and soybeans also remained unchanged.

The day before, USM wrote that 87% of all agricultural products of Ukraine are exported via the maritime corridor.