Ukrainian corn exports in September are ten times lower than last year
As of September 25, Ukraine’s corn harvest is five times lower than last year, with exports ten times less. October CPT-port contracts traded at $216 for early delivery and $212 for late October. Spot demand remains strong, but most corn is still in fields, keeping prices elevated until supply increases.
As of September 25, Ukraine has harvested five times less corn than last year. Exports in September are ten times less than last year. This is reported by analysts at Spike Brokers.
The market is entering a period of very volatile and technical context. Over the past week, a significant part of trading for October took place mainly between traders who resold previously taken positions and redistributed risks in their trading books. Prices for October CPT-port contracts depended on the delivery period: for delivery by 10.10.25, you could get about $216, while deliveries at the end of October were traded at $212. November traded in the range of $209-211 CPT, December – at $206-207.
The current market context does not encourage farmers to sell for later periods: the spot market premium is attractive to almost everyone, but most of the corn is still in the field. This situation will continue until the massive supply “crushes” the spot demand and the market returns to the traditional premium for later delivery months. For this to happen, a truly unlimited supply from farmers is needed in October and November.
On the western border, demand from Italian buyers was limited to €185 for October delivery. Since November, the price has nominally decreased to €180. The spot price index for corn for delivery within 30 days has decreased by $1 compared to Friday last week, to $210.
To Read more about Maize News continue reading Agriinsite.com
Source : Ukr Agro Consult
