Ukraine Grain Prices Drop as Seaport Trade Grinds to a Halt

The Ukrainian grain market has seen prices drop despite the increase in risk premiums on the global market. According to Spike Brokers, the cessation of trade through seaports led to a decline in grain prices and reduced market liquidity.

The SPIKE CPT Odesa index for corn fell by $8 to $200/t, while food wheat prices dropped by $6 to $198/t, and feed wheat prices also fell by $6 to $188/t. The FCA Chop index for corn adjusted to $228/t, indicating limited trading activity.

Analysts note that the market is waiting for the resumption of sea exports and further development of the world market before making new deals. This has led to a wait-and-see approach from most producers, who are hesitant to sell their new crop at current prices.