Small traders have started Corn buy for $ 190-210/ton with VAT on the elevators, but the cost of delivery by truck to the ports of the Danube is $ 55-75/ton, by rail to points of transition — $ 41-50/ton, and Handling and shipping in Romanian ports is still 45 to 50 $/ton.
It is noted that rail traffic from Maize to the western border stations is limited to the Convention towards Romania, Moldova and Poland, disrupting delivery times and forcing traders to raise prices to speed up deliveries. The Ukrainian Danube ports in Reni and Izmail improve logistics and increase throughput, which increases demand in these regions.
Prices on demand form the delivery of Ukrainian corn in May and June: the border with Poland DAP Izow — $235-250/ton, DAP Yagodin — $235-245/ton; Giurgiulesti Port (Moldova) — $245-255/ton; Port of Constanta (Romania) — $285-295/ton; Port of Reni (Ukraine) — $240-255/ton.
From May XNUMXst, the transport of corn at the Reni and Reni Port stations will be restricted, which will lead to higher prices with delivery to these ports, to ensure the fulfillment of previously concluded contracts and a further increase in road transport costs.
The decline in May USDA forecasts for corn production for the USA and Ukraine in the new season has led to an increase in stock prices.
On the Chicago Stock Exchange, June Black Sea corn futures rose 1,9% - to $344,5/ton and December - to $340,5/ton.
At the same time, July US corn futures rose 1,9% to $313,7/ton and December futures rose 1,7% to $300/ton.