The Ukrainian soybean market at the beginning of June shows mixed trends – VAR

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The Ukrainian soybean market shows mixed trends at the beginning of June. According to the latest data, as of June 3, soybean exports from Ukraine amounted to only 1,500 tons.

This was discussed during the analytical briefing of the PUSK cooperative, created within the framework of the VAR.

This indicator is significantly lower than the expectations of experts, which indicates weak activity in export markets. However, there remains a significant stock in warehouses – from 700 to 800 thousand tons.

According to analysts, the soybean market is currently in the off-season, when activity is significantly reduced. The main liquidity at this time is provided by processors who maintain a high level of demand for raw materials.

“The average purchase price from processors already exceeds 19,000 hryvnias per ton, and further price increases can be expected. Soybean exports are expected to remain weak in the coming months. Most transactions are made in cash. This also affects the volume of deliveries abroad. On the soybean stock market, we are likely to see a break in the downward trend and attempts at growth,” PUSK noted.

Despite the general weakness of exports, there are positive signals from the Polish market.

“Polish companies show significant interest in Ukrainian soybeans. On the border with Poland, the price of soybeans is 410-415 dollars per ton. In the ports, the conditional prices on the basis of SRT are about $435-440,” the message says.

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