USDA forecast for corn crop in Ukraine remains unchanged
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.
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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