During the first week of July, Ukraine exported only 85,000 tons of corn. This low figure indicates the end of the active export season and the transition of traders to working with other crops — wheat, barley, and rapeseed.

This was reported by the analytical department of the First Ukrainian Agricultural Cooperative (FUAC), created within the Ukrainian Agri Council.

The market's focus is shifting to other areas due to a reduction in corn stocks and a decline in demand from exporters.

“Conditional prices range from USD224–225/t to USD227–228/t if there is demand for fast delivery. But in fact, the demand for corn with urgent delivery has disappeared,” the analysts commented.

Prices for new crop corn are forming within the range of USD200-202/t, but there are no sales below USD200/t.

"As soon as the price drops below USD200 per ton, most sellers simply stop selling. This is the limit below which the market does not move. There is no need to rush with forwards in July — we can expect prices to rise in August," the analysts noted.

The weather factor is important for the market and price formation.

“Despite official statements about favorable conditions in the US, signs of drought are being recorded in a number of key corn-growing regions. The situation is similar in Ukraine, especially in the central regions, where corn is beginning to suffer from a lack of moisture. This complicates price predictions,” the FUAC has concluded.