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USDA lifted its forecast for Black Sea grain exports by 1.3 MMT

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Author:

Consulting Agency

UkrAgroConsult

In the USDA’s February report, the majority of estimates for Black Sea 2019/20 grain production and exports remained unchanged from January’s forecast. The changes concerned the following positions:

The forecast for corn production in Ukraine was raised (+300 KMT),

The forecast for corn exports from Ukraine was increased by 500 KMT,

The forecast for wheat exports from Kazakhstan was increased by 800 KMT.

Overall, the forecast for Black Sea grain production was lifted by 0.2% (to 198.6 MMT), and the export estimate grew by 1.2% (to 109.7 MMT), reports UkrAgroConsult

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 by UkrAgroConsult. We offer 7-days trial! Completely free!

 

UkrAgroConsult

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