The Ukrainian Ministry of Agriculture stated that as of November 28, the grain export volume of Ukraine for the fiscal year 2025/26 (starting from July) was 12.14 million tons, a decrease of 32.5% compared to the same period last year. So far this year, Ukraine has exported 7.3 million tons of wheat, a year-on-year decrease of 17.4%; Exported 3.47 million tons of corn, a year-on-year decrease of 50.3%; Exported 1.17 million tons of barley, a year-on-year decrease of 37.1%.

The article shows that Ukraine's corn exports for the year 2025/26 saw a significant year-on-year decline of 50.3% to 3.47 million tons. As a major global exporter of corn, Ukraine's sharp decline in export volume suggests a tight global supply and may push up spot prices. Based on the latest corn futures data (such as the closing price of contract 2601 on Dalian Commodity Exchange at 2,236 RMB/ton, slightly down but with high holdings), the news of reduced exports is bullish for future prices, and it is expected that futures contracts will rise due to supply concerns.

As a downstream product of corn, the price of corn starch is directly affected by the cost of corn. The sharp decline of 50.3% in Ukrainian corn exports may lead to an increase in spot corn prices, thereby increasing the production cost of corn starch and pushing up its spot prices. Although there is no direct futures data, the tight supply trend in the spot market will benefit the price of corn starch.

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