Ukrainian Agricultural: Strong Export Performance Across Grains

In the first 25 days of December, Ukraine showcased solid export figures across key agricultural commodities. Corn led the charge with 2,109,000 tons, while wheat exports reached 555,500 tons, and barley followed with 105,500 tons. Soybeans and rapeseed also posted robust numbers, with exports totaling 248,300 tons and 125,900 tons, respectively. Additionally, sunflower product exports remained notable, including 910 tons of sunflower seeds, 342,500 tons of sunflower oil, and 407,400 tons of soybean and sunflower meal combined.

Global Agricultural: Wheat, Canola, and Import Quotas

Looking ahead to the 2024/25 marketing year, global trends show mixed adjustments. Canada is expected to increase wheat production to 34,9 million tons, up from 32,9 million tons, with higher export volumes anticipated. However, Canada's canola production may decrease, even as export numbers are projected to rise. Meanwhile, Turkey has raised its wheat import quota from 15% to 25%, aiming to stabilize domestic prices and reduce food costs—a move that may affect global trade flows.

Corn and Wheat Prices Hold Steady

December’s holiday period has slowed trading activity, but corn prices remain stable in both Europe and Ukraine. Wheat prices have held firm despite reduced demand, with Ukrainian feed wheat seeing slight price increases as European buyers continue their steady interest.

Corn Prices:

• DAP Ukraine (Odesa): USD 0,205–0,208 per kg
• FCA Ukraine (border): EUR 0,196–0,198 per kg
• DAP Italy and Germany (northeast): EUR 0,230–0,237 per kg

Wheat Prices:

• DAP Ukraine (Odesa) 11,5% protein: USD 0,213–0,214 per kg
• DAP Ukraine (Odesa) feed: USD 0,207–0,208 per kg
• DAP Italy and Germany (northeast) fodder: EUR 0,238–0,240 per kg

Sunflower and Soy Markets Face Mixed Dynamics

Sunflower prices in Ukraine dipped slightly over the past week but found stability due to increased processor demand. Soybean prices at Ukrainian ports held steady, while factory prices saw minor declines as processors fulfilled their raw material requirements.

Sunflower Prices:

• DAP Ukraine (plant) 46% (dry): USD 0,50–0,52 per kg
• CIF Bulgaria (port) 44% (raw): USD 0,585–0,590 per kg

Soybean Prices:

• DAP Ukraine (Odesa) GMO soybeans: USD 0,37–0,375 per kg
• DAP Ukraine (Odesa) non-GMO soybeans: USD 0,423–0,427 per kg
• FCA Ukraine (border) non-GMO soybeans: EUR 0,380–0,385 per kg
• DAP Italy (northeast) non-GMO soybeans: EUR 0,420–0,425 per kg

Conclusion: A Stable End to the Year

As 2024 ends, Ukraine’s agricultural exports show resilience, with strong demand supporting stable prices across key commodities like corn, wheat, and soybeans. Buyers may consider locking in prices for corn and wheat to secure favorable deals, as holiday trading slows down market activity. Farmers and traders should monitor sunflower and soybean markets closely, as slight fluctuations could offer new opportunities in the coming weeks.





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