USDA analysts increased the forecast for the corn harvest in Ukraine by 1.5 mln tons
USDA analysts forecast global corn production in MY 2025/26 at 1,288.56 million tons (+24.92 million tons compared to the previous forecast). Estimated global corn exports are 200.86 million tons (+5.05 million tons), forecast ending stocks are 282.54 million tons (+10.46 million tons). This is stated in the USDA report for August.
Forecast for corn harvest in Ukraine is 32 million tons (+1.5 million tons), estimated exports are 25.5 million tons (+1.5 million tons), ending stocks are 0.95 million tons (+0.35 million tons).
USDA analysts have raised their forecast for US corn production to 425.26 million tons (+26.33 million tons), exports to 73.03 million tons (+5.08 million tons), and ending stocks to 53.77 million tons (+11.6 million tons).
Forecast for major corn exporters for MY 2025/26:
| Country | Harvest, mln tons | Export, mln tons | Stocks, mln tons |
| Argentina | 53 (0) | 37 (0) | 3,19 (0) |
| Brazil | 131 (0) | 43 (0) | 3,59 (0) |
| Russia | 15 (0) | 3,6 (0) | 1,16 (0) |
| South Africa | 16,5 (0) | 1,9 (0) | 1,65 (0) |
China’s corn crop is estimated at 295 million tons. Imports will be 10 million tons, ending stocks — 178.16 million tons (-1 million tons).
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