USDA analysts left the forecast for the corn harvest in Ukraine unchanged
USDA forecasts world corn production in MY 2025/26 at 1,296.01 million tons (+13 million tons compared to the previous forecast). This is stated in the ministry’s report for January.
Estimated world corn exports — 205.1 million tons (+0.01 million tons), forecast ending stocks — 290.91 million tons (+11.76 million tons).
USDA analysts left the forecast for the corn harvest in Ukraine in 2025/26 MY unchanged — 29 million tons. The export estimate did not change — 23 million tons, ending stocks — 0.85 million tons.
They also increased the forecast for corn production in the USA — 432.34 million tons (+6.81 million tons), the export forecast unchanged — 81.28 million tons, ending stocks — 56.56 million tons (+5.03 million tons).
Forecast for the main corn exporters for MY 2025/26:
| Country | Harvest, mln tons | Exports, mln tons | Stocks, mln tons |
|---|---|---|---|
| Argentina | 53 (0) | 37 (0) | 5,89 (0) |
| Brazil | 131 (0) | 43 (0) | 3,68 (+0,15) |
| Russia | 14,5 (0) | 3 (0) | 1,06 (0) |
| South Africa | 16,5 (0) | 2 (0) | 2,01 (0) |
China’s corn harvest is estimated at 301.24 million tons (+6.24 million tons). Imports will be 8 million tons, ending stocks are 180.15 million tons (+6.24 million tons).
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