Ukrainian fodder wheat has equaled the price of corn and is even traded several dollars higher

According to Spike Brokers, there is an active demand for wheat in Ukrainian ports. The price of feed wheat is currently about the same price as corn, and even slightly above it.

Analysts also noted that demand for food wheat, which has higher quality and protein than feed wheat, is starting to pick up. The premium for food wheat compared to feed wheat can be up to $20 per ton.

Here are some recent indications of wheat prices:

• DAP Ukraine (Odesa) with a protein content of 11.5% is sold for approximately $175-180 per ton;
• DAP Ukraine (Odesa) with a protein content of 10.5% costs about $157-160 per ton;
• FCA Ukraine (border) with a protein content of 10.5% is sold for approximately EUR 144-146 per ton;
• DAP Latvia (North) with a protein content of 10.5% sells for around €180-185 per tonne;
• DAP Romania (port) with a protein content of 10.5% is available at prices around $205-$210 per tonne;
• CIF Spain (port) with a protein content of 10.5% can be purchased for around $235-$238 per tonne;
• CIF Tunisia (port) with a protein content of 10.5% costs approximately $240-$243 per ton.

There is also demand for Ukrainian wheat with a protein content of 10.5% on the western border of Ukraine at prices of 144-146 euros per ton, loaded on trains for transportation to Europe.

USDA (External Agricultural Service) experts predict that wheat exports from Ukraine will amount to 12.5 million tons, and forecast final stocks at the level of 2.58 million tons.