USDA has increased its estimate of the corn harvest in Ukraine
USDA analysts forecast world corn production in the 2024/25 season at 1,217.89 million tons (-1.51 million tons to the preliminary forecast). The estimate of world corn exports is 193.04 million tons (+3.21 million tons), the forecast for ending stocks is 296.44 million tons (-7.7 million tons).This is stated in the USDA report for December.
Ukraine’s corn crop forecast increased by 0.3 million tons to 26.5 million tons, export estimate unchanged – 23 million tons, ending stocks – 0.64 million tons (+0.01).
USDA analysts left unchanged the estimate of corn production in the U.S. – 384.64 million tons, export forecast – 62.87 million tons (+3.81 million tons), ending stocks will decrease by 5.08 million tons – to 44.15 million tons .
Forecast for major corn exporters for MY 2024/25:
| Страна | Harvest, mln tons | Exports, mln tons | Balances, mln tons |
| Argentina | 51 (0) | 36 (0) | 2,79 (0) |
| Brazil | 127 (0) | 48 (0) | 2,84 (0) |
| Russi | 13 (0) | 3,3 (0) | 0,31 (0) |
| South Africa | 17(0) | 2,8(0) | 1,41 (0) |
USDA experts forecast China’s corn harvest at 292 million tons, imports at 14 million tons (-2 million tons), ending stocks at 204.27 million tons (-2 million tons).
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
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