Corn production 2021/22 in Ukraine seen 24% higher: May USDA report
Corn production 2021/22(July 2021–June 2022) in Ukraine is forecasted by USDA in its May report at 37.5 mln t, 7.2 mln t, or 24% higher YoY.
Together with the projected increase of corn harvest in 2021, experts revised upward the forecast of grain export from Ukraine to 30.5 mln t, 7.5 mln t, or 33% more than the expected 23 mln t in 2020/21.
Report data suggest that corn ending stocks in Ukraine in 2021/22 are projected at 1.11 mln t, 0.21 mln t higher, or 24%, compared to 0.89 mln t estimate for 2020/21.
World corn production is expected by USDA to reach 1,189.85 mln t, up 61.39 mln t from the 2020/21 estimate (1,128.46 mln t), while exports are increased to 197.47 mln t (+10.64 mln t). World corn stocks for the next season are estimated at 292.3 mln t, compared with the expected 283.53 mln t in 2020/21.
USDA sees next year's world #corn carryout quite a bit larger than the trade thought. That is mostly on much bigger crops from the top producers (USA, #China, #Brazil, #Ukraine). USDA is optimistic on China's 21/22 demand for #soybeans at 103 mmt vs 100 mmt this year. pic.twitter.com/76P9LoLEWR
— Karen Braun (@kannbwx) May 12, 2021
As of May 12, corn export shipment from Ukraine in the 2020/21 season is 28% lower YoY. Staples shipment is also 24.11% under the prior year's comparative period.
Corn production in Ukraine in 2020 totalled 29.8 mln t on 5.35 mln ha using the average yield of 5.57 t/ha.
