The gross corn harvest in Ukraine in the 2025 season was collected on an area of 87% of the sown area and amounted to 27.5 million tons with an average yield of 7.13 tons/ha, analysts at brokerage company Spike Brokers reported on Telegram.
According to their estimates, as of December 25, 2025, an average of about 551,000 hectares of unharvested corn remained in Ukraine.
“With the current average yield in the country at around 7.1 t/ha, this forms a basic potential for an additional harvest of about 4.0 million tons,” the brokers emphasized.
They noted that the key unharvested areas are concentrated in regions with significantly higher than average yields. The largest residues are recorded in the Sumy region (93 thousand hectares with a yield of 8.0 tons/ha), Zhytomyr (56 thousand hectares and 7.7 tons/ha), Chernihiv (49 thousand hectares and 8.8 tons/ha), Kyiv (29 thousand hectares and 9.2 t/ha) and Cherkasy (29 thousand hectares and 7.0 t/ha) regions.
“According to estimates of the harvesting potential, taking into account the actual yields of these regions, the total additional harvest in key regions alone may exceed 2.3 million tons. Taking into account the rest of the regions, the final harvest potential may exceed the baseline estimate and approach 4.3-4.5 million tons,” experts say.
They noted that corn exports through seaports have slowed down, leading to a further decline in prices. Increased risks and additional costs of exports through seaports continue to put pressure on prices in this direction. The spot corn index with CPT port delivery (30 days) fell to $204 per ton.
“If prices continue to fall by at least $5 in the direction of seaports, the western border will begin to form a competitive alternative for a number of regions in central Ukraine. At the same time, supply continues to grow in the direction of the western border: FCA Chop deals with delivery in March-May were concluded at EUR180,” Spike Brokers summarized.
This week, the Ukrainian market continued to see a gradual decline in feed corn prices on a FOB Black Sea basis, according to the information and analytical agency APK-Inform.
“Prices remained under pressure throughout the week due to slow sea export rates as a result of systematic attacks by the Russian Federation on Ukraine’s port and energy infrastructure, which led to shipment disruptions, which, in turn, restrained importers’ demand,” analysts said.
At the same time, they noted that corn remains the most active export crop for Ukraine, but this has not been able to offset the factors putting pressure on prices.
Indicative bid/ask prices for feed corn with delivery in December-January from Black Sea ports fell by 1-3 USD/ton in less than a week under the influence of these factors to 210-218 and 214-222 USD/ton, respectively, according to APK-Inform.
The corn market is currently the most active segment of Ukrainian grain exports, ensuring stable port loading and constant demand from importers, according to the analytical cooperative “Pusk,” created within the framework of the All-Ukrainian Agrarian Council (VAR).
“Corn currently remains the only relatively active market segment. As of December 22, exports amounted to almost 1.5 million tons. Although these volumes are not record-breaking, shipments are stable, and it is corn that keeps most ports operating today,” analysts said.
According to their information, demand for corn on the world market remains high. Ukrainian corn remains in demand in EU countries, particularly in Spain and Italy, which are among the key buyers, as well as in Turkey.
At the same time, importers are closely monitoring the security situation in Ukraine.
“Importers are aware that the war is not expected to end quickly in the coming months and that risks to port infrastructure will remain. If exports from Ukraine are halted or significantly reduced, it will be difficult for the global market to quickly cover the possible deficit. American corn has already been contracted for January and almost entirely for February, so there are virtually no alternatives to Ukraine for supplies during this period,” experts said.
At the end of the week, spot corn prices rose to $207–208 per ton, while domestic contract prices rose to 9,800–9,850 UAH/ton.
“Further price dynamics will largely depend on the growth rate of logistics costs and security risks,” Pusk said.
The crop division of the Alebor Group grain trading company has completed the 2025 production season, the company’s press service reported on Facebook.
According to the report, the company’s specialists grew and harvested wheat from 2,000 hectares with a yield of over 7 tons/hectare, corn from 1,100 hectares with a yield of 14.5 tons/hectare, rapeseed from 1,500 hectares with a yield of 3.6 tons per hectare, and sunflower from 1,800 hectares with a yield of 3.85 tons per hectare.
Alebor Group is a trading company founded in 2006 in the Cherkasy region. Its structure includes the Khristinivskoye Grain Receiving Enterprise (with a storage capacity of 74,000 tons of grain), the Voronovitske Grain Receiving Enterprise (104,000 tons of grain), Chesne Grain Receiving Enterprise (27,500 tons of grain), transport companies Boleko and Avtoera with a fleet of 210 heavy-duty grain trucks, and construction company Alebor Real Estate.
According to information on the company’s website, Alebor Group is one of the top 20 grain trading companies in Ukraine, exporting about 2 million tons of grain annually. The group has its own land bank of 6,500 hectares. The company’s founder is Oleksiy Kustov.
KMZ Industries is the largest manufacturer of elevator equipment in Ukraine and produces a full range of products, including silos, grain dryers, transport equipment, and separators, as well as providing automation and installation services.
According to the company, it has built more than 5,000 facilities. KMZ Industries silos with a total volume of more than 12.5 million cubic meters are in operation.
TAS Agro agricultural holding is completing the harvest of late crops, with an average corn yield of 9.6 tons per hectare, the agricultural holding’s press service reported on Facebook.
“In recent years, we have been steadily improving the quality of this crop. The company’s average yield exceeds the planned indicators and the average for Ukraine,” the agricultural holding said, adding that this result was achieved through the use of modern cultivation technologies and balanced agronomic decisions.
TAS Agro added that in 2026, it plans to allocate 9.2 thousand hectares for corn cultivation.
TAS Agro was established in 2014. Its land bank includes 88,000 hectares in the Chernihiv, Sumy, Kyiv, Vinnytsia, Kirovohrad, and Mykolaiv regions. It specializes in crop production, and the agri-holding’s elevator capacity is about 250,000 tons. The livestock business is represented by a herd of 5,500 head of cattle, of which 2,500 are dairy cattle.
The agricultural holding is part of the TAS group, founded in 1998. Its business interests cover the financial sector (banking and insurance segments) and pharmacies, as well as industry, real estate, and venture projects.
Serhiy Tihipko is the founder of TAS and the beneficiary of the TAS Agro agricultural holding.
The US Department of Agriculture (USDA) has raised its forecast for global corn exports in the 2025-2026 marketing year by 1.63 million tons to 205.10 million tons, despite the expected reduction in Ukrainian supplies.
According to the December report, with global exports growing, the estimate of global corn carryover stocks, on the contrary, has been reduced by 2.19 million tons to 279.15 million tons, reflecting more active use of grain and the maintenance of a fairly tight supply and demand balance.
For Ukraine, the USDA has lowered its corn harvest forecast from 32 million tons to 29 million tons due to a reduction in acreage and yields, as well as difficult weather conditions during harvesting. The export forecast has been lowered from 24.5 million tons to 23 million tons, domestic consumption from 7 million tons to 6 million tons, and carryover stocks from 1.55 million tons to 0.85 million tons. This means that additional growth in global corn exports will be provided by other major market players.
