The grain market recorded stable indicators last week. Weak domestic demand and export problems continue to affect the balance of supply and demand. This is reported by analysts of the Ukrainian Grain Exchange in the AgroMarketUUB bot.

As of July 3, the prices for major crops compared to the end of last week are as follows:

Corn - 5 287 UAH/t (unchanged);
Class 2 wheat - 5 772 UAH/t (-0.60%);
Wheat grade 3 - 5 555 UAH/t (+1.69%);
Feed wheat - 4 999 UAH/t (+0.90%);
Soybeans - 17 136.98 UAH/t (+2.07%).

UUL analysts emphasize that low activity in the grain market is expected next week, which will lead to a relatively stable state of the cost of the respective crops. However, as for oilseeds, in particular soybeans, one of the reasons for its price growth is the limited supply, as well as the interest of traders and processors.

It is worth noting that soybeans occupy an important place among crops on both the global and Ukrainian markets. In recent years, demand for soybeans has increased significantly as this crop is used to produce oil, protein and other products that are widely used in the food and feed industry.

The limited supply of soybeans on the market arises for various reasons, including a reduction in the acreage under this crop, a greater focus on other crops, or the negative impact of weather conditions on yields. In particular, in the US, farmers reduced soybean acreage due to dry weather and redistributed it to corn.

The price of soybeans is also affected by the international market, where demand for this crop continues to grow. Importing countries such as China, India, and the European Union are showing significant interest in soybean products, which encourages traders and processors to actively buy the crop. This also contributes to the growth of soybean prices.

High soybean prices can have both positive and negative effects on various sectors of the economy. On the one hand, they bring profits to farmers and exporters who sell soybeans on the world market. On the other hand, high prices can increase the cost of producing animal feed and food for consumers, which can affect final prices for consumers.

Ukrainian farmers and traders would benefit from higher soybean prices, as they would be able to sell the crop at high prices on the foreign market. However, it is important to take into account factors that may affect the long-term sustainability of soybean prices, such as an increase in the area under the crop, increased production in other countries, and changes in global demand.

Ukrainian farmers and traders benefit from rising soybean prices, as they are able to sell the crop at high prices on the foreign market. However, it is important to take into account factors that may affect the long-term sustainability of soybean prices, such as an increase in soybean acreage, increased production in other countries, and changes in global demand.