Corn harvest in Ukraine in the new season will be less than the previous one by 4 mln tons – USDA report

Source:  Latifundist.com
USDA

USDA analysts forecast world corn production for the 2024/25 season at 1,219.93 million tons (1,228.09 million tons in MY 2023/24). World corn exports are estimated at 191.1 million tons (-6.28 million tons) and ending stocks are forecast at 312.27 million tons (-0.8 million tons). This is stated in the USDA report for May.

Ukraine’s corn crop forecast is 27 million tons (-4 million tons), exports are forecast at 24 million tons (-2 million tons), ending stocks – 1.48 million tons (-1.43 million tons).

USDA analysts estimated U.S. corn production at 377.4 million tons (-12.23 million tons), with exports forecast at 55.88 million tons (+1.27 million tons). Ending stocks will be at 53.39 million tons (+2.03 million tons).

Forecast for major corn exporters for MY 2024/25:

Country Harvest, mln tons Exports, mln tons Balances, mln tons
Argentina 51 (-2) 36 (-2) 1,74 (+0,2)
Brazil 125 (+5) 49 (-1) 2,84 (-1)
Russia 16 (-1,6) 5,2 (-0,4) 0,91 (-0,05)
South Africa 17(+3) 3,2(+1) 2,27 (+0,4)

USDA experts forecast China’s corn harvest at 292 million tons (+3.16), imports at 23 million tons, ending stocks at 212.84 million tons (+1.98 million tons).

Tags: , , , , , ,

Read also

Romania sows record rapeseed acreage and hopes for biggest grain harvest overall

Egypt diversifies wheat sources due to geopolitical risks

USDA will need to cut corn stocks again in June

What does a tight EU wheat balance mean for UK prices?

Wheat in Pakistan — quo vadis?

Got additional questions?
We will be happy to assist!