On Friday, January 23, wheat futures on the Chicago Board of Trade posted strong gains, reacting to a sharp deterioration in weather conditions across the United States that could pose risks to the upcoming harvest, ProAgro Group reports.
In particular, the March wheat futures contract on CBOT jumped by $5.1 to $194.6 per tonne. In Paris, the Euronext March wheat contract also increased, adding $3.1 to reach $225.9 per tonne.
According to Barva Invest, prices for Ukrainian wheat are currently showing mixed corrections. However, most movements remain largely nominal due to low market liquidity. Wheat with 11.5% protein is currently bid at $208–212 per tonne DAP at Ukraine’s deep-sea ports.
Corn futures also moved higher, supported by strong U.S. export activity. The March corn contract on CBOT rose by $2.6 to $169.5 per tonne, while the March corn futures on Euronext gained $3.2, reaching $229.1 per tonne.
On the domestic Ukrainian market, corn remains one of the most actively traded crops. Steady interest from exporters continues to underpin prices, with bids at $205–209 per tonne DAP at deep-sea ports.
Earlier reports indicated that despite ample global supply and intense price competition, Ukrainian milling wheat could receive short-term demand support in mid-February.
