USDA did not change the forecast of corn harvest in Ukraine in MY 2024/25
USDA analysts forecast world corn production in the 2024/25 season at 1,218.57 million tons (-1.25 million tons to the preliminary forecast). World corn exports are estimated at 191.37 million tons (-0.1 million tons) and ending stocks are forecast at 308.35 million tons (-1.82 million tons). This is according to the USDA’s September report.
The forecast for corn harvest in Ukraine has not changed – 27.2 million tons, the estimate of exports and ending stocks also remained unchanged – 24 million tons and 0.73 million tons, respectively.
USDA analysts increased the estimate of corn production in the United States – 385.73 million tons (+0.99 million tons), export forecast unchanged – 58.42 million tons, ending stocks will decrease by 0.41 million tons – to 52.26 million tons.
Forecast for major corn exporters for MY 2024/25:
| Country | Harvest, mln tons | Exports, mln tons | Ending stocks, mln tons |
| Argentina | 51 (0) | 36 (0) | 1,74 (0) |
| Brazil | 127 (0) | 49 (0) | 2,84 (0) |
| Russia | 13,5 (-0,6) | 3,8 (-0,4) | 0,31 (-0,01) |
| South Africa | 17(0) | 3,2(0) | 1,46 (0) |
USDA experts forecast the corn harvest in China at 292 mln tonnes, imports – 21 mln tonnes (-2 mln tonnes), ending stocks – 211.34 mln tonnes (-1.5 mln tonnes).
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