USDA once again raised its forecast for corn exports from Ukraine
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USDA once again raised its forecast for corn exports from Ukraine

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Author:

Consulting Agency UkrAgroConsult

UkrAgroConsult

The USDA has published its April’s forecast for global crop production, demand, consumption and exports. The 2018/19 grain production estimates for the Black Sea region were increased due to upward adjustments in Ukraine’s harvests of wheat (+100 KMT), corn (+300 KMT) and barley (+200 KMT). Correspondingly, the forecast for Ukrainian corn exports in MY 2018/19 was raised by 500 KMT.

In addition, USDA experts revised their estimate for 2017/18 wheat output in Russia, increasing it by 200 KMT, reports UkrAgroConsult.

Overall, the estimate for 2018/19 production of major grains in the Black Sea region rose by 0.3%, to 187.1 MMT, and the forecast for their exports gained 0.5%, to 104.8 MMT.

USDA: Estimates for Black Sea grain production and exports in 2017/18 and 2018/19 seasons, MMT (April)

 

Country

Wheat

Corn

Barley

Production

Export

Production

Export

Production

Export

18/19

17/18

18/19

17/18

18/19

17/18

18/19

17/18

18/19

17/18

18/19

17/18

Ukraine

25.1Описание: Описание: arrow1

27.0

16.5

17.8

35.8Описание: Описание: arrow1

24.1

29.5Описание: Описание: arrow1

18.0

7.6Описание: Описание: arrow1

8.7

3.8

4.3

Russia

71.7

85.2Описание: Описание: arrow1

37.0

41.4

11.4

13.2

3.0

5.53

16.7

20.2Описание: Описание: arrow1

4.7

5.9

Kazakhstan

13.9

14.8

8.5

9.0

0.862

0.785

0.050

0.050

4.0

3.3

1.8

1.35

More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics "Black Sea Grain" in the new innovative tool for agri market participants – AgriSupp.com by UkrAgroConsult. We offer 2-week trial! Completely free!

 

UkrAgroConsult

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