Cheap corn from Ukraine’s bumper crop is taking sales from American corn
Cheap corn from Ukraine’s bumper crop is taking sales from American corn, warns Farm News, a news site based in Fort Dodge, Iowa. The Ukraine Grain Association recently raised its harvest estimate to 35 million tons, 13% higher than the USDA estimate for Ukraine. “Currently U.S. corn values are being undercut by Ukraine and Brazil corn,” Farm News reports. Relief for American corn may come, the site says, due to ‘logistical concerns’ in Ukraine, a reference to state railroad bottlenecks.