Corn market: activation is expected from mid-August

Analysts are monitoring the dynamics of the corn market in Ukraine and globally and expect the trade in this crop to pick up in mid-August. According to the PUSK cooperative, corn is imported by a number of European Union countries that are facing abnormally high temperatures and may experience harvest problems. This ensures stable demand for Ukrainian corn on the international market.

Italy and Spain have been experiencing high temperatures of up to 45°C, which negatively affects the formation of the corn crop, so demand from these countries is high. France may also find itself in a difficult situation, as the extremely hot weather there may lead to crop losses. These circumstances are causing demand from some importers, as there are concerns about insufficient supply of European corn.

Currently, the average notional price of corn is about €175-185 per ton, and no significant changes in the market are expected in the near future. Forecasts for the new harvest are tentatively at €150-160 per tonne for delivery in October, but forward contracts are not yet in place. With the market expected to pick up in the second half of August, corn may once again find demand internationally.

According to Barva Invest analysts, prices for Ukrainian corn in ports have slightly adjusted due to limited trade volumes. There was a slight decline in global corn prices, despite the deterioration of crops in the United States. All this indicates the instability of the market situation and the need to closely monitor further trends.

The corn market remains dynamic and dependent on various factors, such as weather, political circumstances and demand from foreign countries. Ukrainian agricultural producers and analysts continue to closely analyze the market situation to make informed decisions and seize opportunities for successful corn trading.