Ukraine: Grain and Feed Update
Ukraine’s grain exports are growing at moderate pace. In the new marketing year 2014/15, by mid-October, Ukraine has exported over 6 million metric tons of wheat and over one million tons of barley. Concurrently, the 2013/14 corn marketing year is approaching completion with over 18 million tons already exported. Grain stocks are high due to a large production, but will likely deplete as the trade rallies on the expectation of another large corn harvest in 2014/15. Domestic grain prices at the start of the new season were lower than in the previous year and are expected to maintain low throughout the season. Winter crops have been planted in favorable fall weather conditions.
