USDA raised its estimate of corn production in Ukraine in MY 2024/25
USDA analysts forecast the global corn production in 2024/25 season at 1 214.17 mln tonnes (+1.7 mln tonnes to the previous forecast). The estimation of the world corn exports is 186.36 mln tonnes (-2.87 mln tonnes), the forecast of the ending stocks is 288.94 mln tonnes (-1.37 mln tonnes). This is stated in the USDA report for March.
The forecast for the corn harvest in Ukraine is 26.8 mln tonnes (+0.3 mln tonnes), the export estimate is unchanged at 22 mln tonnes, and the ending stocks are 0.74 mln tonnes (+0.1 mln tonnes).
USDA analysts left unchanged the forecast of corn production in the United States – 377.63 million tons, exports forecast – 62.23 million tons and ending stocks – 39.12 million tons.
Forecast for major corn exporters for MY 2024/25:
| Country | Yield, mln tons | Export, mln tons | Reserves, mln tons |
| Argentina | 50 (0) | 36 (0) | 2,29 (-0,5) |
| Brazil | 126 (0) | 44 (-2) | 2,96 (+0,12) |
| Russia | 14 (+0,75) | 3,3 (0) | 0,91 (+0,55) |
| South Africa | 16 (-1) | 1,7 (-0,9) | 1,33 (-0,08) |
The corn harvest in China is estimated at 294.92 million tons. Imports will be 8 million tons (-2 million tons), ending stocks – 201.18 million tons (-2 million 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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