The supply prices of Ukrainian corn remain at the level of $ 228-230 \/ t FOB, American – $ 205-210 \/ t FOB, while the demand prices for supplies to Asia are $ 250 \/ t C&F.<\/p>\n
Ukraine has completed the harvest of corn, which yielded 29.7 million tons, which will allow to export 24 million tons this season.<\/p>\n
Against the background of declining export demand and strengthening of the hryvnia against the dollar by 1% since the beginning of the week, purchase prices in the port fell to 213-215 $ \/ t or 8100-8250 UAH \/ t.
\nCorn exports amounted to 7.2 million tons, which is 1.65 million tons lower than last year’s rate and has not yet accelerated.<\/p>\n
March corn futures on the Chicago Stock Exchange rose 1.9% from the beginning of the week to $ 168.5 \/ t.<\/p>\n
According to yesterday’s EIA report, US ethanol production fell 3.6% to 957,000 barrels per day (although analysts expected growth to pre-crisis levels), and its reserves rose another 867,000 barrels to 22.95 million barrels.<\/p>\n
The decline in American travel on Thanksgiving and the coming Christmas continues to lower the demand for fuel, ethanol and, accordingly, corn.<\/p>\n
Export demand for American corn remains low. China’s purchases have not been recorded this week, and the intensification of quarantine measures following the bird flu outbreak in Japan and South Korea, which killed 2 and 5 million birds respectively, has hampered corn purchases by those countries.<\/p>\n
On the Dalian Stock Exchange, corn futures have fallen 6% since the beginning of the week to their lowest level since September 30 amid rising imports and active sales of wheat from state reserves.<\/p>\n
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The supply prices of Ukrainian corn remain at the level of $ 228-230 \/ t FOB, American – $ 205-210 \/ t FOB, while the demand prices for supplies to Asia are $ 250 \/ t C&F. Ukraine has completed the harvest of corn, which yielded 29.7 million tons, which will allow to export 24 […]<\/p>\n","protected":false},"author":4,"featured_media":3924,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[70,1492,349,1284,1493,996],"class_list":["post-3923","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ukraine-news","tag-agriculture","tag-corn","tag-economy","tag-exports","tag-falling","tag-ukraine"],"_links":{"self":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts\/3923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3923"}],"version-history":[{"count":0,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts\/3923\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/media\/3924"}],"wp:attachment":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}