
November USDA report: from one extreme to another

UkrAgroConsult
Article author:
Оn November 10, the USDA published its latest monthly report, which drew attention primarily due to changes for corn.
The corn crop forecast for Ukraine was cut by 8 MMT, to 28.5 MMT. The reason for this significant change is deplorable harvest-progress data published by the Economy Ministry – yield has not yet exceeded 5 MT/ha.
Some market participants (including UkrAgroConsult) believe these data are understated.
The second noticeable change was growth in American corn exports with a simultaneous increase in Chinese imports.
The current season is unusual because of atypically high prices, which were high even at the time of very optimistic crop estimates for Ukraine and the U.S.
According to the November USDA estimates, global corn exports will hit another high (owing to China) and world ending stocks are estimated at the lowest since MY 2014/15.
Full version of the article is available to subscribers for Online Analytics “Black Sea Grain” in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. Subscribe to a 7-day free trial!!
Start using analytical data and increase your efficiency now!
Register to get your demo access: http://agrisupp.com/en/register/1
Read also
USDA raises Ukrainian wheat harvest estimate this year
The Counterparty Is Trying to Avoid Fulfilling the Contract. What Should You Do?
Kazakhstan to export 10.4 mln tons of grain in MY 2025/26
Pea production in Ukraine is growing at the fastest pace among agricultural crops
ADM, PepsiCo and Mars launch regenerative agriculture program in Poland
Write to us
Our manager will contact you soon