As of mid-October, corn and rapeseed are bought at attractive prices only in the ports of EU countries. On the other hand, the soybean market is in a situation where foreign and domestic prices are competing with each other. This was discussed on October 10 during a weekly briefing organized by the analytical center of the PUSK cooperative, created within the UAC.
According to analysts, the attractiveness of the corn price is affected by weak exports by the Black Sea ports.
"Out of 35 chartered ships, only 5-10 can be loaded with corn, while the rest export Ukrainian wheat. That's why prices for this crop range from $105 to $115 per ton in Odesa ports, and in small ports corn is priced at $120 to $130 per ton. In contrast, in the ports of Italy and Romania, the price is better - $185-192 per ton. That is why exporters are looking for cheap railcars for long-distance exports," the analysts explained.
The situation is almost similar at the rapeseed market. It can only be sold profitably in the port of Riga. To get a bigger profit, it makes sense to take it there only to sellers from the northwestern regions of Ukraine. Otherwise, you can only sell rapeseed at cost. There is hope for Germany, where demand for this oilseed has been growing recently. But soybean prices reached their lowest point in September and have recently started to rise. All this is due to domestic demand.
"Today, exporters are ready to buy a ton of soybeans at your plant for 13,500 UAH. But it is already possible to sell it to domestic processing plants for UAH 15,000. Therefore, producers are thinking about selling soybeans to the oilcake producers," the analyst added.
At the same time, soybeans in Ukrainian ports on the Danube cost $365-375 per ton. But in Poland and Romania, it costs $380-400 per ton. Experts predict that in early November the price of this crop will increase by about $5 in our ports and up to $15 in European countries.
Tuesday, 10 October 2023