Devora Nedyalkova

Consequently, Fastmarkets has enhanced market visibility with the launch on Wednesday May 20 of two wheat CIF Egypt price assessments, alongside freight rate coverage for all key export origins supplying the country. Egypt remains the world’s largest wheat importer, with an annual volume of 12.5 million tonnes expected to be imported in the 2026/27 marketing season, starting from July 2026, according to the USDA.

Prices were supported at the start of July, with wheat 11.5% fob CVB assessed by Fastmarkets in the low $220s per tonne and feed wheat fob CVB just above $210 per tonne, before rising to seasonal highs in early August. Values peaked near $242-243 per tonne for 11.5% wheat and around $236-237 per tonne for feed wheat, supported by easing harvest pressure and short-term logistical tightness and, for feed wheat, the lack of availability of such grade.

Ukrainian domestic corn prices have been stable to firm since the start of the new corn season, despite market expectations of a decline driven by harvest pressure from a relatively large crop and limited demand from Ukraine’s traditional corn buyers. Market participants at the Berlin ECE event said that harvest delays and logistical constraints are the primary factors supporting the current price behavior.