USDA once again raised its forecast for corn exports from Ukraine
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 |
25.1 |
27.0 |
16.5 |
17.8 |
35.8 |
24.1 |
29.5 |
18.0 |
7.6 |
8.7 |
3.8 |
4.3 |
Russia |
71.7 |
85.2 |
37.0 |
41.4 |
11.4 |
13.2 |
3.0 |
5.53 |
16.7 |
20.2 |
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!
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