Farmers in Ukraine are continuing to persevere despite the ongoing crisis with Russia.

That from CWB's Director of Market Research Neil Townsend, who recently completed a crop tour of the country.

He noted the rapid devaluation of the currency is having a big impact.

"Money supply is much tighter for them, so they've altered a little bit of their behaviour, they're planting a bit more crops that they have access to local seed for," said Townsend. "For example, they've substituted local corn seed for imported corn seed because imported corn seed went up by over 100 per cent in terms of price. They've probably planted more acres of spring barley at the expense of corn acres because they don't want to incur the cost to grow corn."

Townsend adds there is also evidence of less fertilizer being used on the wheat crop, which is probably due to cost and availability since a lot of the product is imported from Russia.

He doesn't expect Ukraine to have much of a positive impact on world prices, noting the country should remain active in the export market in 2015/16.