Ukrainian GMO soybeans on the basis of CPT Parity Odesa fell to $499/t incl. VAT (-$1/t) against the backdrop of weak stock market dynamics in the USA. This is reported by Spike Brokers.
At the same time, the Ukrainian market is supported by active exports of soybean oil and meal, as well as stable demand from processors and European buyers.
“The market works due to processing demand and export of products, and not due to broad demand for the beans themselves,” the brokers noted.
In the week of January 26–February 1, the capitalization of six Ukrainian public agricultural companies revised upward. Under the data of Eavex Capital, the companies' market cap for the reporting period corrected as follows: