Grain futures showed mixed dynamics on global exchanges last Friday, February 13. Wheat prices in Chicago increased significantly despite a stronger US dollar, supported by volatility in the energy sector and active short covering on the exchange. However, this had little impact on wheat quotations in Paris, ProAgro Group reports.
The May wheat futures contract on the CBOT gained $5.6, reaching $225.5 per ton. Meanwhile, the price of a similar futures contract on Euronext declined by $0.5, settling at $240.3 per ton.
According to Barva Invest, liquidity in Ukraine’s wheat market is growing from both buyers and sellers. However, railway logistics remain complicated, while road transportation costs continue to rise. As a result, supply to the market remains limited, supporting bid prices. Wheat with 11.5% protein in deep-water ports was offered at $218–222 per ton DAP, compared with $214–219 per ton a week earlier.
Corn futures in the United States also increased last Friday, following wheat but at a slower pace. The May corn contract on the CBOT rose by $1.9, reaching $184 per ton. At the same time, June corn futures on Euronext remained unchanged at $242 per ton.
On the Ukrainian corn market, buyers remain active. Complicated logistics and an imbalance between supply and demand continue to support port prices. In deep-water ports on a DAP basis, corn was offered at $213–215 per ton, compared with $210–213 per ton last week.
As previously reported, the full-scale war continues to create systemic challenges for Ukraine’s agricultural sector, including power outages, complicated logistics, labor shortages, and rising production costs.
