Last week was characterized by a relatively stable price situation in Ukrainian wheat market. Export prices for milling wheat with 12.5% protein (2nd grade) remained within USD 185-186/MT FOB, and those for wheat with 11.5% protein (3rd grade) – at USD 182-184/MT FOB for February-March delivery.The prices were supported by wheat strengthening in the world market, as well as by persistent demand from importers.But it should be noted, there is no many Ukrainian wheat left for export. During the first half of the current season Ukraine exported more than 5 MMT of wheat with protein content higher than 11%.Moreover, market operators informed that in January nearly 700 KMT of milling wheat were ready for export to India, and about 400 KMT – to Egypt and the European Union. The wheat export program is

almost completed in Ukraine, and the importers’ demand is expected to switch to Russian wheat,where a half of export capacity is still available.

GRAIN PRICES, FOB, USD/MT..3

GRAIN MARKET REVIEW.........5

Tenders of the week..........................................8

TOPIC OF THE WEEK..............9

Field work & Crop conditions...........................15

Export Statistics19

Facts and rumors............................................25

OILSEEDS MARKET...............26

LOGISTICS AND TRANSPORT. .....28