New crop prices in Black Sea rather stable — Agritel
Over the past week, new crop straw cereal prices were rather stable in the Black Sea region, Agritel writes.
By the end of the week, the Ukrainian 11.5% wheat was dealing at 193 USD/t FOB against 199 USD/t FOB Novorossiysk.
"The Ukrainian barley was unchanged at 175 USD/t FOB Odesa and the rapeseed gained +3 USD/t to 425 USD/t FOB Odesa. The corn for October delivery was up by +5 USD/t at 155 USD/t on a weekly basis expressed in CPT Odesa, for delivery harvest," the report reads.
The straw cereal harvests are gaining momentum in the region, the consultancy adds. Yields are still mixed in the southern regions, offsetting somewhat the harvest pressure.
Export prices for Ukrainian new crop corn strengthened after the USDA report on acreage and grain reserves was released. The strengthening of prices has led to intensified trade.