USDA reduced forecast for wheat exports from Ukraine
USDA has increased its forecast for world wheat production in the MY 2025/26 by 4.36 million tons to 842.17 million tons, the ministry’s report for January states.
The forecast for world wheat exports is 219.76 million tons (up 1.05 million tons). Experts have increased the forecast for ending wheat stocks in the world to 278.25 million tons (+3.38 million tons).
The forecast for the wheat harvest in Ukraine is unchanged – 23 million tons, exports will be at the level of 14 million tons (-0.5 million tons), ending stocks – 1.93 million tons.
The forecast for the wheat harvest for the US is 54.01 million tons. The estimate for exports is also unchanged – 24.49 million tons, ending stocks – 25.21 million tons (+0.69 million tons).
Forecast for major wheat exporters for MY 2025/26:
| Country | Harvest, mln tons | Export, mln tons | Stocks, mln tons |
|---|---|---|---|
| Argentina | 27,5 (+3,5) | 16 (+1,5) | 6,01 (+1,49) |
| Australia | 37 (0) | 27 (0) | 5,09 (0) |
| Canada | 39,96 (0) | 28 (0) | 6,32 (0) |
| EU | 144 (0) | 32,5 (-0,5) | 14,21 (+0,5) |
| Russia | 89,5 (+2) | 44 (0) | 14,69 (+1,5) |
USDA analysts forecast wheat production in China in the MY 2025/26 at 140.07 million tons (+0.07 million tons), import estimates at 6 million tons, and ending stocks at 124.85 million tons (+0.07).
Read also
Wheat, corn and soybeans declined in Chicago on Thursday
India accumulates surplus milk powder amid dairy fat shortage
Brazilian soybean exports hit record high as production is set to expand
Australian farmers hold back wheat and barley sales amid deteriorating crop quality
Hungary increases poultry meat exports by 29% as production recovers
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon