Ukrainian corn set a new 18-month high Wednesday, reaching $181.50/mt on a FOB basis, loading 28 to 42 days ahead. Tight logistics due to a lack of railcars has restricted supply arriving at Ukrainian ports, adding a hefty premium to Ukrainian corn exports. At least 13 Ukrainian corn-filled Panamex vessels have traversed the seas to China. Market players now forecast China to import 3 million mt of corn from Ukraine, up from 2 million mt, as it chiefly produces non GMO varieties. China’s domestic corn consumption is rising namely on increasing its ethanol production to satisfy its E10 2020 mandate, which is already in action across 11 cities and provinces.