The current price ratio between soybeans and corn shows a significant undervaluation of soybeans, which creates preconditions for a change in the market trend. Analysts expect that in the short term the price of soybeans will start to grow.

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

"The first signals of a possible trend reversal in soybeans are already being recorded on the US stock market. Now the ratio of soybeans to corn has dropped to 2-2.2, which is a market indicator of future growth. Historically, it is at this ratio that soybean prices begin to show an upward trend," the analysts said.

In Ukraine, in line with global trends, the structure of crops is changing: farmers are partially reducing the area under soybeans in favor of corn. This may exacerbate the supply imbalance in the near term.

“We are witnessing a transformation period, and in the horizon of one or two seasons, soybeans have the potential for a significant rise in price,” the FUAC added.

The domestic market is also showing signs of revitalization: market participants are reorienting to sales channels with higher liquidity, in particular, to processing.

"Purchase prices at processing plants currently range from UAH 17,700 to UAH 18,000 per ton for small batches, which makes this direction more profitable compared to exports through ports, where prices have fallen. At the same time, we expect that by the end of May, soybean prices in ports will again exceed USD400 per ton," the FUAC predicted.