USDA analysts left unchanged the forecast of corn exports from Ukraine
USDA forecasts global corn production in FY 2025/26 at 1,301.07 million tons (+3.63 million tons over previous forecast). This is stated in the ministry’s report for April.
The estimate of world corn exports is 207.29 million tons (+0.44 million tons), the forecast of final stocks is 294.81 million tons (+2.06 million tons).
USDA analysts have left unchanged the forecast of the corn harvest in Ukraine in 2025/26 MR to 30.7 million tons. The export estimate is also unchanged at 22 million tons, ending stocks at 2.95 million tons.
The forecast of corn production in the USA has not changed and remained at the level of 432.34 million tons, the export forecast is 83.82 million tons, the final stocks will be at the level of the previous forecast — 54.02 million tons.
Forecast for the main exporters of corn for MY 2025/26:
| Країна | Harvest, mln tons | Export, mln tons | Stocks, mln tons |
|---|---|---|---|
| Argentina | 52 (0) | 37 (0) | 5.02 (-0.07) |
| Brazil | 132 (0) | 43 (0) | 6.22 (+0.25) |
| Russia | 14.8 (+0.3) | 3.3 (+0.3) | 1.06 (0) |
| South Africa | 17.3 (+0.8) | 2.5 (+0.3) | 2.39 (+0.35) |
The corn harvest in China is estimated at 301.24 million tons. Imports will amount to 8 million tons, ending stocks – 180.15 million tons.
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