USDA raised its corn production forecast for Ukraine


In the November report, USDA raised its 2016/17 corn production estimate for Ukraine by 1 MMT from the previous forecast, to 27 MMT, informs UkrAgroConsult. At the same time, the estimate for Ukrainian 2016/17 corn exports was also increased, by 300 KMT to 18 MMT.

In addition, USDA upwardly revised its corn production and export forecasts for Russia, reports UkrAgroConsult. The USDA estimate for Russian corn production in season 2016/17 was boosted by 500 KMT, to 14 MMT, while that for Russian exports grew to 4.7 MMT (+200 KMT).

More detailed information on USDA updated estimates are available to subscribers for weekly ag market report "Black Sea Grain & Oil" by UkrAgroConsult.



Readers choice: TOP-5 articles of the month by UkrAgroConsult