The global corn market in the second half of the season will be very interesting
Maize (Corn)
Published Dec 8, 2022
Tridge summary
According to forecasts, the world production of corn in 2022/23 MR will decrease compared to the previous season from 1.217 to 1.168 billion tons but will exceed the 1.13 billion tons of the 2020/21 season. However, the delay in corn harvesting in Ukraine and sowing in Argentina due to drought may lead to forecast adjustments in the near future.
Original content
According to forecasts, the world production of corn in 2022/23 MR will decrease compared to the previous season from 1.217 to 1.168 billion tons, but will exceed the 1.13 billion tons of the 2020/21 season. However, the delay in corn harvesting in Ukraine and sowing in Argentina due to drought may lead to forecast adjustments in the near future. In the December USDA report, the harvest estimate for Ukraine will definitely be lowered, since as of December 1, due to unfavorable weather, only 2.5 million hectares or 60% of the area, from which 15.5 million tons of corn were harvested with a yield of 6.13 tons/ha, were threshed. A few dry and frosty days this week have allowed harvesting to resume, but yesterday it snowed again, and the coming days will see warmer temperatures and more rain added to the snow. In November, the USDA estimated the harvest in Ukraine at 31.5 million tons, but even if farmers thresh all crops without loss, this year's harvest will not exceed 25 million ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.