Seasonally, after January 10-15, corn producers intensify sales, but this season, due to severe frosts, deliveries are increasing a bit slower, so prices are still held at high levels, according to agronews.ua.
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The decrease in the dollar exchange rate on the interbank market during the week from 43.56/43.59 to 43.15/43.2 UAH/USD halted the growth of hryvnia purchase prices for corn in Ukraine, but export prices increased by 1-2 $/t to 205-206 $/t or 10,000-10,150 UAH/t with delivery to the Black Sea ports.
March corn futures in Chicago remain at the lowest level since mid-August at $166/t, and traders do not expect a significant correction by the end of February until the first forecasts for corn planting areas in the US in 2026 appear.
Support for prices may come from hot weather in Argentina, which could reduce the corn yield potential. However, due to the increase in planting areas, the crop is currently estimated at 53-62 million tons compared to 50 million tons in the previous season.
A rise in temperature may allow the resumption of corn harvesting in Ukraine and increase the supply of cheap (damaged) corn, which will also put pressure on domestic prices.