USDA analysts lowered estimates of corn exports from Ukraine and imports to China
USDA analysts forecast the global corn production in 2024/25 season at 1 212.47 mln tonnes (-1.88 mln tonnes to the previous forecast). The estimate of the world corn exports is 189.23 mln tonnes (-2.18 mln tonnes), the forecast of the ending stocks is 290.31 mln tonnes (-3.03 mln tonnes). This is stated in the USDA report for February.
The forecast for the corn harvest in Ukraine remained unchanged – 26.5 mln tonnes, the export estimate decreased – 22 mln tonnes (-1 mln tonnes), ending stocks – 0.64 mln tonnes.
USDA analysts left unchanged the forecast of corn production in the United States – 377.63 million tons, exports forecast – 62.23 million tons, ending stocks – 39.12 million tons.
Forecast for major corn exporters for MY 2024/25:
| Country | Harvest, mln tons | Exports, mln tons | Reserves, mln tons |
| Argentina | 50 (-1) | 36 (0) | 2,79 (0) |
| Brazil | 126 (-1) | 46 (-1) | 2,84 (0) |
| Russia | 13,25 (0) | 3,3 (0) | 0,36 (0) |
| South Africa | 17(0) | 2,6(-0,2) | 1,41 (0) |
The corn harvest in China is estimated at 294.92 million tons. Imports will amount to 10 mln tonnes (-3 mln tonnes), ending stocks – 203.18 mln tonnes (-3 mln tonnes).
Further development of the grain sector in the Black Sea and Danube region will be discussed at the 23 International Conference BLACK SEA GRAIN.KYIV on April 24 in Kyiv.
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