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Platts assessed Ukrainian corn at $199/mt FOB POC on Nov. 2, down $24/mt from $223/mt on Oct.
2, the lowest level in two years. Traders blamed high logistics costs, with export costs via Constanta near $100/mt, and flows from Ukraine's POC ports remain heavily restricted by Black Sea risks.
Higher freight and logistics costs push Ukrainian farmers to cut prices to secure sales, weighing on world corn export prices. Limited port capacity keeps Ukrainian supply competing at a discount.
spglobal.comAmrutha dileep ChingorothNov 3, 2026After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
