Prices for Ukrainian Corn in the ports on the Danube continued to fall in the past week, while prices in the Romanian port of Konstanz remained unchanged.
As before, the price situation was supported by the tense world balance, fears of a significant reduction in grain supplies in the Russo-Ukrainian war, the delay in the grain harvest in Argentina and the strongest exports from Ukraine compared to other crops. However, these factors were under pressure from the significant transitional residues of grain and mostly good condition of crops in Ukraine, the reduction in the consumption of this crop in China, the increase in Soybean– and corn production potential in Brazil and the high seed rates in the USA fully balanced.
Prices for demand for corn in the ports of Reni and Ismail have fallen to USD 210-240/ton CRT port and USD 255-265/ton FOB. Prices on demand for crops delivered to the port of Constanta (Romania) in June and July remained in the range of 270-285 EUR/ton, and supply/demand prices in US dollars were mostly 290-310/300-315 USD/ton .
In some cases, asking prices were significantly lower, but hardly any contracts were signed.