USDA’s estimate of Ukrainian corn harvest and exports in 2024/25 MY increased
USDA analysts forecast the world corn production in 2024/25 season at 1 220.54 mln tonnes (+0.61 mln tonnes to the previous forecast). The estimate of world corn exports is 191.75 mln tonnes (+0.65 mln tonnes), while the forecast of ending stocks is 310.77 mln tonnes (-1.5 mln tonnes). This is stated in the USDA report for June.
The forecast for the corn harvest in Ukraine is 27.7 mln tonnes (+0.7 mln tonnes), exports are forecast at 24.5 mln tonnes (+0.5 mln tonnes), ending stocks – 1.48 mln tonnes.
USDA analysts left unchanged the estimate of corn production in the United States – 377.4 million tons, exports – 55.88 million tons (+1.27 million tons) and ending stocks – 53.39 million tons.
The forecast for the major corn exporters for 2024/25 MY:
| Country | Harvest, mln tons | Exports, mln tons | Reserves, mln tons |
| Argentina | 51 (0) | 36 (0) | 1,74 (0) |
| Brazil | 125 (0) | 49 (0) | 2,84 (0) |
| Russia | 15,4 (-0,6) | 5 (-0,2) | 0,41 (-0,5) |
| South Africa | 17(0) | 3,2(0) | 1,45 (-0,82) |
USDA experts forecast the corn harvest in China at 292 million tons, imports – 23 million tons, ending stocks – 212.84 million tons.
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