Ukrainian soybeans currently remain the cheapest soybeans in the world, which creates potential for further price growth in the near term.

Last week, CIF quotations increased and, when converted, corresponded to $415-420 CPT seaports. On the domestic CPT market, buyers are keeping prices restrained amid the available supply.

Price growth is also observed at the western border, where European buyers are willing to pay more aggressively, especially for soybeans with guaranteed EUDR-compliance. Prices offered by European buyers at the border were trading at around €380, depending on protein content and availability of certification. Demand from Europe is mainly focused on deliveries starting from January 2026.

The total soybean supply in Ukraine increased to 4,3 million tons by the end of last week.

The spot export price index for GM soybeans with delivery within 30 days rose by another $6 (excluding VAT) compared to last Friday, reaching $405.

Reference source: http://surl.li/asdfghwertyuuio