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).
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
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