Ukraine Grain Harvest 52.15MMT

With just a small amount of corn still left to cut, the Ukraine has harvested 52.15MMT grain in bunker weight aff 95% of the planted acreage according to Boris Supiganov of the Agriculture Ministry.

Final output in clean weight is expected to be around 51MMT the ministry said, substantially higher than last season's 29.3MMT, and 1.3MMT up on last month's estimate.

Ukraine remains a very aggressive exporter with the country's inflation rate, which is the highest in Europe, standing at 23.2% in October.

The Ukranian government is struggling desperately to bring inflation back under control and to stabilize the economy as part of a pledge to the International Monetary Fund who agreed this week to lend Ukraine $16.5 billion.