The USDA left unchanged its forecasts for the export of Ukrainian grain

Published 2024년 11월 12일

Tridge summary

The updated USDA forecast for the 2024/25 marketing year predicts stable wheat and corn production and export figures for Ukraine, with wheat at 22.9 million tons and export at 16.0 million tons, and corn at 26.2 million tons and export at 23.0 million tons. On a global scale, the wheat market is expected to see an increase in initial stocks, production, consumption, but a decrease in trade and ending stocks, with total production expected to rise due to increases in Kazakhstan and other countries, compensating for declines in Argentina, Brazil, Russia, and the EU. However, global corn production is expected to rise, but trade and final stocks are predicted to decrease, primarily due to reduced exports from Brazil.

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Original content

In 2024/25 MR, indicators of Ukraine regarding wheat and corn will remain unchanged. Wheat production is estimated at 22.9 million tons, export - 16.0 million tons. As for corn, production is at the level of 26.2 million tons, and export is at 23.0 million tons. This was reported by the UKAB press service, referring to the updated forecast of the US Department of Agriculture (USDA). The updated forecast of the world wheat market for 2024/25 MY predicts, compared to the previous month's forecast, an increase in initial stocks, production, consumption, but a reduction in trade and ending stocks. In FY 2024/25, production is forecast to increase by 0.6 million t to 794.7 million t, as production growth in Kazakhstan (+2.0 million t to 18.0 million t) more than offsets the decline in Argentina ( -0.5 million t to 17.5 million t), Brazil (-0.5 million t to 9.0 million t), Russia (-0.5 million t to 81.5 million t) and the EU (-0.4 million tons to 122.6 million tons). World consumption ...

Source: Agrotimes