United States raises its forecast for corn exports from Ukraine

11.02.2019

The United States Department of Agriculture (USDA) in February raised the forecast for export of Ukrainian corn in the current marketing year by 0.5 million tons.

Foreign corn production is forecast higher with increases for Argentina, China, and Ukraine more than offsetting reductions for South Africa and Mexico. Argentina’s corn production is up based on higher expected area and yield, with abundant rainfall and benign temperatures over the past two months boosting yield prospects. China and Ukraine are higher based on the latest official statistics. South Africa is lowered as heat and dryness during the month of January, particularly in the western producing areas, reduces yield prospects.


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