Feed buyers mull switch as Ukraine’s corn price butts against wheat.

Corn prices in Ukraine have reached parity with feed wheat prices, raising the potential for further increases in regional corn prices to be capped as buyers mull a switch in their feed choices, market sources said Tuesday. There is a logic if it is possible to switch to feed wheat from corn this is more advantageous than to switch with 11.5% wheat. The move comes as Black Sea prices have become compressed, with prices for feed wheat typically wheat of 10.5% protein or lower corn and higher 11.5% protein wheat all converging towards each other.