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World markets support Ukrainian corn prices

11/ 02/ 2022
  Author: G.R. Agro company Fodder corn. Market trends As of February 10, demand prices for CPT-deep-water maize ports in dollar terms increased by $ 4 / tonne against Tuesday to $ 276 / tonne. World markets support Ukrainian corn prices. Corn on the CBOT shows growth amid heightened concerns about its drought in Argentina and Brazil. In February, WASDE reduced Brazils production by only 1 million tons to 115 million. Conab forecasts production at 112.3 million tons. Forecasts The large number of offers of Ukrainian corn may put pressure on CPT-based prices. Ethanol production in the United States continues to slow, which could put pressure on prices. Fodder barley. Market trends As of February 10, the demand for CPT barley deep-water ports in Ukraine in dollar terms increased by $ 1 / ton against $ 273 / ton on Tuesday. WASDE in its February report reduced world barley production by 1.26 million tons at the expense of Iraq in Syria. Imports to China and Turkey were also revised upwards to 10.5 (+0.4 million tons) and 2.1 million tons (+0.3 million tons, respectively). But imports to Saudi Arabia were reduced by 0.8 million tons to 5.4 million tons. Forecasts The large number of offers of Ukrainian corn may put pressure on CPT-based prices. Ethanol production in the United States continues to slow, which could put pressure on prices.

Author: G.R. Agro company

Fodder corn

Market trends

As of February 10, demand prices for CPT-deep-water maize ports in dollar terms increased by $ 4 / tonne against Tuesday to $ 276 / tonne. World markets support Ukrainian corn prices. Corn on the CBOT shows growth amid heightened concerns about its drought in Argentina and Brazil. In February, WASDE reduced Brazil’s production by only 1 million tons to 115 million. Conab forecasts production at 112.3 million tons.

Forecasts

  • The large number of offers of Ukrainian corn may put pressure on CPT-based prices. Ethanol production in the United States continues to slow, which could put pressure on prices.

Fodder barley

Market trends

As of February 10, the demand for CPT barley deep-water ports in Ukraine in dollar terms increased by $ 1 / ton against $ 273 / ton on Tuesday. WASDE in its February report reduced world barley production by 1.26 million tons at the expense of Iraq in Syria. Imports to China and Turkey were also revised upwards to 10.5 (+0.4 million tons) and 2.1 million tons (+0.3 million tons, respectively). But imports to Saudi Arabia were reduced by 0.8 million tons to 5.4 million tons.

Forecasts

  • The large number of offers of Ukrainian corn may put pressure on CPT-based prices. Ethanol production in the United States continues to slow, which could put pressure on prices.

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