USDA sharply lowers corn harvest forecast in Ukraine

USDA analysts have lowered their forecast for Ukraine’s corn harvest in the MY 2025/26 by 3 million tons to 29 million tons. This is stated in the US Department’s report for December. “According to published government data, corn production in Ukraine has declined sharply, with both area and yield decreasing, with harvests being slow due to the wet climate in key growing regions,” the report says. The export estimate for Ukraine has also been reduced to 23 million tons (-1.5 million tons), ending stocks – 0.85 million tons (-0.7 million tons). USDA forecasts world corn production in the 2025/26 MY at 1,282.96 million tons (-3.27 million tons compared to the previous forecast). Estimated global corn exports are 205.1 million tons (+1.63 million tons), forecast ending stocks are 279.15 million tons (-2.19 million tons). USDA analysts left unchanged the forecast for corn production in the United States at 425.53 million tons, forecast ...