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 deliveries 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 transition residues of Grains and predominantly good condition of crops in Ukraine, reducing the consumption of this crop in China, increasing Soybean– and corn production potential in Brazil and the high seed rates in the USA fully balanced.
The prices for the demand for Corn in the ports of Reni and Ismail are on 210-240 USD/Tonne CRT port and 255-265 USD/ton FOB sunk. Prices on demand crops with delivery to the port of Constanta (Romania) in June and July remained in the 270-285 EUR/ton, and the price of supply/demand in US-Dollar were mostly 290-310/300-315 USD/ton.
In some cases, asking prices were significantly lower, but hardly any contracts were signed.