Soya is in the stable demand in the small ports of Reni and Ishmail. Prices for oilseeds have slightly decreased this week, but will be renewed in the second half of the month.

On November 3, during a weekly briefing for farmers, the analytical center of the "PUSK", created by the UAC, reported on the situation on the soybean market.

 "If you look at the pace of export, it seems that soybeans were least affected by the war, oilseeds are gradually exported through Reni and Ishmael. A small part of beans, no more than 10%, is shipped through Odessa ports. Most soybeans are exported by road and through small ports, where oilseeds are in constant demand. We expect that in November the soybeans shipment for export will amount to 400 million tons," said analyst Oleksiy Tartakovskyi.

Today, according to the Ministry of Agrarian Policy, the gross harvest is 2.6 million tons. But there is significant demand from European exporters specifically for non-GMO soybeans.

One of the leading factors affecting prices is the demand for soybean oil and the current  processors’ loading with raw materials.  

"Processors have already satisfied demand for soybeans for November, so we do not expect a price increase in the coming week. Until November 10, prices based on SRT plant will remain on average in the range UAH 13,000-13,500/t. Two weeks ago, there was an increased demand for soybean oil on the market, and prices for raw materials were higher - in the range of UAH 14,000-15,000/t SRT plant. Currently, importers do not need soybean oil, but in the second half of November, its demand will increase again. We can expect that then prices will recover," the analyst believes.

According to the forecasts of the "PUSK" analytical center, prices based on DAP Poland, which are currently in the range of $470-480/t, will not exceed the level of $485/t in the next 10 days.