The price of food-grade wheat in Ukraine fell by $10 over the week—to $185 per metric ton on a CPT Odessa basis—while feed-grade wheat also dropped by $10, to $175 per metric ton, according to a weekly market review by the brokerage firm Spike Brokers.
“The global grain market ended the week with a further rise, but this trend did not carry over to Ukrainian basis prices,” the review noted.
Wheat exports from Ukraine during August 1–27 fell by half (-49.8%) compared to the same period last month—to 486,600 metric tons from 969,400 metric tons. The main destinations were Bangladesh—251,000 metric tons, Indonesia—243,500 metric tons, and Algeria—226,300 metric tons. These three countries accounted for about 74% of total exports of this product. Saudi Arabia and Yemen followed in terms of volume, with approximately 54,500 metric tons each.
The price of corn on a CPT Odessa basis fell by $5 to $185 per metric ton, while on an FCA Chop basis, it rose by $5 to $225 per metric ton.
Corn exports from August 1–27 totaled 190.7 thousand metric tons, which is 84.3% less than during the same period in July.
According to Spike Brokers, trading in next year’s corn crop is already active along the western border. During the week, October–December quotes on an FCA Zahony–Chop–Batyovo basis ranged from EUR188 to EUR191 per metric ton.
Brokers note that this trade route faces physical constraints on both sides of the border, particularly due to transshipment capacity in Ukraine and the EU, the availability of rail logistics, and the fleet of Euro-standard railcars.
