Ukrainian farmers cautious on forward corn sales amid harvest delay concerns — Spike Brokers

Old crop corn prices at Ukrainian ports have risen to $230/t amid tightening global supply, according to Spike Brokers. Italian buyers are willing to pay $272–275/t CIF for deliveries to Italy’s eastern coast.

New crop corn attracted buyer interest last week, with prices climbing by $7/t to reach $210/t DAP Black Sea ports (November–December delivery).

Sales for October remain limited as producers anticipate a delayed harvest and fear rainy weather during the collection period, which could complicate contract execution. November prices may carry a premium over December, and port prices for new crop corn are still undervalued by $5–10, brokers note.

Prices at Ukraine’s western border remain restrained, as European importers receive more offers from local producers due to improved weather and an expected strengthening of the euro toward $1.20.

Latest buyer indications for 2025 crop:

• DAP Ukraine (Odesa): ~$208–210/t
• FCA Ukraine (border): ~€189–191/t
• DAP Italy (northeast): ~€218–220/t