Currently, soybean is actively exported from Ukraine, and stocks of the crop have fallen to a minimum. Reduced supply may contribute to higher prices in the short term.

This was discussed on June 6 during a weekly briefing organized by the analytical center of PUSK (First Ukrainian Agricultural Cooperative), created within the framework of the UAC.

"Soybean is actively exported, we already have contracts for 150,000 tons for June, and we will probably be able to export more than 200,000 tons this month. However, according to official data, soybean stocks are approaching the minimum levels. But even if we take into account the shadow market of this oilseed, the stocks will not exceed 800,000 tons - there is not enough soybeans, and this is felt both in terms of the number of transactions and liquidity. The supply is constantly decreasing, soybeans are gradually becoming a scarce crop, which may lead to a temporary jump in soybean prices. In the ports, the price of soybeans is conditionally 470 USD/t with delivery to Reni and Izmail, against the background of low supply, the marks may rise to 490 USD/t. But later, after July 15, when large volumes will be shipped, prices will stabilize," said the analytical department of PUSK.

The processors announce the purchase prices for soybeans in the range of 17,700-18,000 UAH/t CPT plant. The prices on DAP Poland-Romania terms this week may reach 450 USD/t, and by the end of the month will decrease to 420-430 USD/t.