USDA increases forecast for corn production in Ukraine

22:30, 16 December 2018
Economy
272 0
REUTERS

In turn, the forecast for corn exports from Ukraine was also increased, to 28 MMT (up 1 MMT), reports UkrAgroConsult.

Read alsoUkraine exports over 20 mln tonnes of grain since July 1

In addition, USDA experts revised their forecast for Russia’s 2018/19 wheat crop. The wheat production estimate was raised by 1.5 MMT, to 36.5 MMT, that is somewhat above the experts' expectations.

Altogether, at the expense of Ukrainian corn and Russian wheat, December’s USDA estimate for Black Sea grain production is up 0.8% month-over-month at 185.4 MMT, while the forecast for exports is up 2.5% at 103.7 MMT.

If you see a spelling error on our site, select it and press Ctrl+Enter