USDA forecast for corn crop in Ukraine remains unchanged

Source:  Latifundist.com
МСХ США USDA

USDA analysts forecast the world corn production in 2024/25 season at 1 215.1 mln tonnes (+0.93 mln tonnes to the previous forecast). The estimation of the world corn exports is 188.68 mln tonnes (-2.32 mln tonnes), the forecast of the ending stocks is 287.65 mln tonnes (-1.29 mln tonnes). This is stated in the USDA report for April.

The forecast for the corn harvest in Ukraine remains unchanged – 26.8 mln tonnes, exports are estimated at 22 mln tonnes, ending stocks – 0.74 mln tonnes.

USDA analysts left unchanged the forecast for corn production in the US – 377.63 million tons, exports forecast – 64.77 million tons (+2.5 million tons), ending stocks estimate – 37.22 million tons (-1.9 million tons).

Forecast for major corn exporters for MY 2024/25:

Country Harvest, mln tons Exports, mln tons Reserves, mln tons
Argentina 50 (0) 36 (0) 2,38 (+0,09)
Brazil 126 (0) 44 (0) 2,98 (+0,02)
Russia 14 (0) 3,3 (0) 0,91 (0)
South Africa 16 (0) 1,7 (0) 1,33 (0)

The corn harvest in China is estimated at 294.92 million tons. Imports will amount to 8 mln tons, ending stocks – 201.18 mln tons.

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