GLOBAL NEWS
UKRAINE
- Ukraine’s exports of grains, oilseeds, and processed products from June 1 to 18 included: corn – 966.4 KMT, wheat – 629.5 KMT, soybeans – 179.6 KMT, rapeseed – 6.5 KMT, sunflower seed – 1.2 KMT, sunflower oil – 197.4 KMT, soybean oil – 24.6 KMT, and oilseed meal – 284.9 KMT.
EUROPE
- Recent rainfall during a critical crop development stage has improved wheat prospects in Germany. The 2025 harvest is forecast at 21.5 MMT, up 16.3% year-on-year.
- EU soft wheat imports from July 1 to June 15 totaled 7.2 MMT, down 20% compared to last year. Ukraine’s share fell to 61.5% (from 71.4%), while Canada’s and the US’s shares rose to 15% and 5.8% respectively (from 9.1% and 1.8%).
- Corn imports for the same period reached 19 MMT, 7% higher year-on-year. Ukraine’s and Brazil’s shares declined to 56.6% and 8.5% respectively (from 70.3% and 15.7%), while the US significantly increased its share to 19.3% (from 0.7%).
COMMODITY MARKET
CORN
The market for old-crop corn remains sluggish, with only a few buyers active, mainly covering volumes under export contracts.
Demand for new-crop corn continues to grow, but farmers are holding back from forward sales. Current price levels do not meet their expectations, resulting in minimal trading activity. The price spread between old and new crop remains significant — around $29/MT — further discouraging producers from locking in prices for the new harvest.
Market bids:
- DAP Ukraine (Odesa) ~ 225-227$
- DAP Germany (North-West) ~ 218-220€
Crop 2025:
- DAP Ukraine (Odesa) ~ 196-198$
- DAP Germany (North-West) ~200-205€
- DAP Netherlands (South) ~196-200€
- DAP Italy (North-East) ~200-205€
WHEAT
The increase in wheat futures on the Chicago Board of Trade was mostly technical in nature, driven by active short covering ahead of the U.S. holiday period. Isolated weather-related risks in the U.S., China, and Russia added a speculative tone, although fundamental factors remained stable.
Domestic demand for new crop wheat is strengthening, but supply remains limited as farmers hold back sales. This is gradually shifting price expectations upward. 11.5% protein milling wheat was traded at $207–209/MT on a DAP port basis for July–August delivery, while feed wheat was quoted at $200–202/MT DAP.
Market bids:
Crop 2025:
- DAP Ukraine (Odesa) 12.5pro ~210-212$
- DAP Ukraine (Odesa) 11.5pro ~207-209$
- DAP Ukraine (Odesa) feed ~200-202$
- DAP Germany (North-West) feed ~206-210€
- DAP Netherlands (South) feed ~200-205€
- DAP Italy (North-East) ~205-210€
SUNFLOWER
Despite a strong upward price momentum on external markets—where vegetable oil quotations surged amid geopolitical instability—the Ukrainian sunflower seed market remains balanced in terms of pricing. Demand for old-crop sunflower seeds remains weak: some processors have halted operations for retooling and seasonal maintenance, while others have already built sufficient stocks.
As for the new crop, crushers are acting cautiously amid expectations of a higher total harvest, which could lead to downward pressure on prices at the start of the season.
Market bids for sunflower:
- DAP Ukraine (plant) ~525-535$
Crop 2025:
- DAP Ukraine (plant) ~510-515$ incl. VAT
RAPESEEDS
Rapeseed prices on the European market are rising amid strong demand from processors and ongoing uncertainty surrounding the harvest. Concerns over production are providing additional price support.
In Ukraine, prices are also trending upward, driven by active demand and limited supply ahead of the start of the harvesting campaign.
Market bids for NON-GMO:
Crop 2025:
- DAP Ukraine (Odesa) ~530-540$
SOYBEANS
Market activity remains low on the domestic soybean market. Old-crop GMO soybeans are traded at $385–388/MT on a DAP port basis, while new-crop soybeans are quoted at $365–370/MT.
Market bids for GMO:
- DAP Ukraine (Odesa) ~385-388$
Crop 2025:
- DAP Ukraine (Odesa) ~365-370$