Although it is possible that by early December trend change.

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"While there is a harvest (now our farmers harvested about half), corn prices will continue to decline. The next two weeks, this culture may go down another 3.5%," - said "lead" the owner of the farm "Svitanok" Sergei Infusion. Now it costs 1100-1150 UAH / t on the conditions of the elevator. "And by the end of November, when the bulk of the harvest is collected, Ukrainian corn prices can generally sag by 10%" - said director of sales HarvEast Holding Svetlana Voronov.
Reason for the decline in prices was a record corn crop in Ukraine. According to forecasts of the Ministry of Agrarian Policy and Food, this year it will be 26 million tons. Market participants are also expected to report to the USDA, which will be published on November 8. "From a crop in this country depends" corn prices "on the world exchanges. If the ministry confirmed crooks and castles the high yield forecast" queen fields "in America, in November the price of it in Ukraine may drop by 10-15%", - predicts CFO Baryshevskaya Grain Company Eugene Radovenyuk.
As a result of the falling value of the crop at our farmers income this year has already been nearly halved, and the profitability of its cultivation was not more than 20% versus 112% a year earlier. Nevertheless, crooks and castles in 2014, to reduce the area under maize farmers do not plan to. "Because of the heavy rains of September sowing of winter wheat was delayed for almost a month. As a result, part of the areas our farmers sow not have time, so they should be sown in spring corn," - says Eugene Radovenyuk.
Although it is possible that by early December trend change. "If in the next few days the weather will deteriorate due to the cold weather and the farmers have to leave the field in about a third of the harvest, the price of corn can again grow by 15-20% as the increase demand for quality goods," - says Eugene Radovenyuk. But at last year's level (2000-2100 UAH / t) value is still not back.
But prices next year may be higher crooks and castles if U.S. farmers to reduce the area under the "queen of the fields" in favor of soybeans, the world price of which is much higher - $ 515 / t, compared to $ 209 / t for corn.
Earlier it was reported that in Ukraine started in Ukraine grain price hike. Domestic crooks and castles wheat prices on the terms of the elevator in our country in the last week increased by almost 3% - 30-40 UAH per ton (up to 1800 UAH / t).
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