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The forecast of a record harvest presses on the price of corn – analysts G.R. Agro

10/ 12/ 2021
  The forecast of a record corn harvest and low demand put pressure on prices. This was reported by analysts G.R. Agro It will be recalled that USDA experts predict that the corn harvest in Ukraine in 2021/22 MY will be 40 million tons. As of December 9, demand prices for Ukrainian corn CPT deep-water ports fell to $ 260-262 / ton, down $ 7 from last Friday. A large number of proposals (Ukrainian Ministry of Agriculture expects a record harvest of 40 million tons) and low demand put pressure on prices. According to the companys analysts, the logistical problems observed today may lead to delays in deliveries to Ukrainian ports, which will limit price losses in the segment.

The forecast of a record corn harvest and low demand put pressure on prices. This was reported by analysts G.R. Agro

It will be recalled that USDA experts predict that the corn harvest in Ukraine in 2021/22 MY will be 40 million tons.

As of December 9, demand prices for Ukrainian corn CPT deep-water ports fell to $ 260-262 / ton, down $ 7 from last Friday. A large number of proposals (Ukrainian Ministry of Agriculture expects a record harvest of 40 million tons) and low demand put pressure on prices.

According to the company’s analysts, the logistical problems observed today may lead to delays in deliveries to Ukrainian ports, which will limit price losses in the segment.

This material is provided by a member company or partner organization of the European Business Association as part of an informational collaboration. The Association is not responsible for the accuracy, completeness, or reliability of the information presented. The views, opinions, and recommendations expressed in this material are solely those of the authors and do not reflect the official position of the European Business Association.

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