Ukraine corn yields slump as harvest starts, winter plantings underway

Early signs suggest that the yield will be significantly reduced versus the previous year

Ukraine’s farmers have reached a landmark stage of their seasons, with harvesting underway for the corn crop and winter planting starting in the southern regions of the country, an official government update showed on Friday.

Early signs suggest that the yield will be significantly reduced versus the previous year, but since the corn harvest has been completed on less than 1% of the planned area, with only 2,000 tonnes of grains reaching the bins, the early results are not seen as indicative.

However, the yield was put at 2.86 tonnes per hectare versus last year’s figures around the same date of 25,820 tonnes gathered in, with yields at around 4.66 tonnes per hectare.

Ukrainian farmers have also finished their wheat harvest with 99% of the planned area (4.7 million hectares) harvested, delivering a production of 19.2 million tonnes, which is in line with what the industry was expecting.

The barley harvest also came to an end, with the final figure standing at 5.5 million tonnes from 1.6 million hectares, also in line with the market estimation.

The rapeseed harvest is also finished with 3.1 million tonnes collected and the average yield at 2.85 tonnes per hectare.

Farmers have continued to harvest sun seeds, but the progress remains slow – only 1% of the expected planted area has been completed, with 81,700 tonnes in the bins and an average yield of 1.18 tonnes per hectare, which is around 34% down compared to the early yields shown at the same stage last year.

Finally, the soybean harvest has just started with just 1,400 tonnes in the bins and the early yield put at 0.93 tonnes per hectare.

Winter planting

The agriculture ministry also said that winter planting has officially started in the Odesa region but did not provide any further details on the areas sown.

However, the ministry said the main focus, for now, is on rapeseed, of which production is not expected to decline compared to the previous year.

That is in contrast to winter wheat, where there is an expectation that winter areas will be fewer in the 2022-23 marketing year.

“Ukrainian farmers have reoriented from grains to oilseeds. We see an increase in the share of soybeans, rapeseed, and sunflower,” First Deputy Minister of Agrarian Policy and Food Taras Vysotsky said.

“First of all, this is due to problems with logistics. It is also obvious that farmers want to grow crops that have a higher added value, a higher price per tonne because the logistics costs are the same,” Vysotsky said.

What to read next
This is a sample of Fastmarkets’ weekly recap of the main movements in global cash markets.
The corrections are as follows: AG-BRY-0004 Barley Feed barley FOB Argentina $/mt Incorrect prices: August $119.00 per tonne Corrected to: August $219.00 per tonne Fastmarkets’ pricing database has been updated to reflect this change. These prices are part of the Fastmarkets Ags Grains package. For more information or to provide feedback on this correction notice or […]
The corrections are as follows: AG-WHE-0028 Wheat 13.5% FOB Canada CWRS $/mt Incorrect prices: M1 July $279.00 per tonne M2 August $53.75 per tonne M3 September $55.50 per tonne M4 October $48.25 per tonne M5 November $48.25 per tonne M6 December $50.25 per tonne M7 January $41.00 per tonne M8 February $39.25 per tonne M9 March […]
The Wheat 10% FOB US Pacific Northwest SW market typically trades on an outright price basis instead of as a premium to Chicago Mercantile Exchange futures. For that reason, Fastmarkets proposes to discontinue the AG-WHE-0025 Wheat 10% FOB US Pacific Northwest SW Premium c$/bu assessment while keeping its AG -WHE-0027 Wheat 10% FOB US Pacific Northwest SW […]
US and European wheat futures advanced for the first time in six sessions on Friday June 27 while market participants speculated that this week’s price declines were steeper than justified by market fundamentals and after China and the US confirmed that they reached a trade agreement.
Turkey has become the leading buyer of Ukrainian corn during the 2024/2025 marketing year by making use of import quotas, which have been a key factor supporting prices in recent months.