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.
Read also
Ukraine’s Ministry of Agrarian Policy resumes operations after government re...
Wheat prices in Moldova rise due to logistics disruptions in the Azov and Black Seas
US drought and China’s aggressive buying are pushing up soybean prices
Export logistics problems send wheat prices down at Russian ports
Malaysia to test B100 palm biodiesel on agricultural machinery
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon