REUTERS

Corn production forecast has also been raised by 0.5 mmt, to 39.5 mmt, USDA wrote in its latest World Agricultural Production report.

The forecast was improved for Ukraine's wheat and corn based on the final sown area data released by the State Statistical Service of Ukraine and reports on favorable weather conditions, USDA reported.

"Recent favorable weather was observed for corn in eastern and central Ukraine. Crop conditions improve as one moves south to north. Yields are expected to be the second highest on record, with the previous record at 7.84 t/ha in the 2018 season," reads the report.

Read alsoHarvest 2020 in Ukraine: expert outlook

Wheat exports in marketing year 2020/2021 (MY July 2020 – June 2021) could reach 18 mmt (+0.5 mmt month-on-month), while corn exports are expected to stand at 33.5 mmt (+0.5mmt).

Ukraine crops: other estimates

  • The Ukrainian Grain Association experts earlier downgraded their corn production forecast for Ukraine by 2.5 mmt, to 36.4 mmt, over draught observed in July-August, according to Agronews.
  • Ministry for Development of Economy, Trade, and Agriculture in its outlook says grains and legumes in 2020 could hit 68 mmt, while oilseeds could stand at 20 mmt.