UkrAgroConsult: Waiting for USDA estimates

UkrAgroConsult

The previous USDA report made it evident that their calculations are based on harvest data presented by the Economy Ministry of Ukraine. The latest information release says the corn harvest is 96% complete with 27.9 MMT produced. Therefore, we expect their December report to leave the corn crop estimate unchanged at 28.5 MMT. Estimates from trade sources are still scattered within a wide range, from 28 MMT to 32 MMT. The wheat and barley figures will not change either.

The December USDA report will most likely be neutral with regard to the forecast for Ukraine’s oilseed crop. Towards the end of harvest, the range of market forecasts looks more consolidated, UkrAgroConsult reports.

More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region 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

UkrAgroConsult