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.
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