World: USDA analysts left Ukraine's production and export volumes of wheat and corn unchanged

Published 2024년 11월 12일

Tridge summary

Ukraine's wheat and corn production and export estimates for the 2024/25 marketing year remain unchanged. globally, the wheat market is expected to see an increase in initial stocks, production, consumption, but a decrease in trade and ending stocks. The global corn market is expected to see an increase in production, but a decrease in trade and final stocks. Production in several countries like Kazakhstan and Africa will increase, but there will be a decrease in production in countries like Argentina, Brazil, Russia, and the EU. The volume of world trade is expected to decrease due to reduced exports from Brazil and Kenya.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the 2024/25 marketing year, Ukraine's indicators for wheat and corn will remain unchanged. Wheat production is estimated at 22.9 million tons, export - 16 million tons. As for corn, production is at the level of 26.2 million tons, and export is at 23 million tons. This is reported by UCAB. 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 t to 122.6 million t). World consumption increased by 0.9 million tons to 803.4 million tons, primarily due to the increase in the use of ...

Source: Agrobusiness