USDA revised upward world corn production in 2021/22
In its September report, the United States Department of Agriculture (USDA) revised upward the world corn production forecast by 11.65 mln t to 1,197.77 mln t (August report: 1,186.12 mln t).
The global corn export is projected at 201.27 mln t, 3.42 mln up from the previous forecast. Corn ending stocks are also improved from 284.63 mln t to 297.63 mln t.
Ukraine's corn perspectives for 2021/22 were unchanged by the USDA experts in the September report:
- production: 39 mln t
- export: 32 mln t
- ending stocks: 1.11 mln t
The projection for the US corn in 2021/22:
- production: 380.93 mln t (+6.25 mln t)
- export: 62.87 mln t (+1.91 mln t)
- ending stocks: 35.77 mln t (+4.21 mln t)
As per the September report, corn production by the largest exporting countries is forecasted 1 mln t down from August report at 242.5 mln t.
The projection for the major corn exporters in 2021/22 (September vs. August report indicators, mln t):
| Country | Production | Exports | Ending stocks |
| Brazil | 118 | 43 | 8.43 |
| Argentina | 53 (+2) | 38 (+2) | 2.63 (+0.2) |
| Ukraine | 39 | 32 | 1.11 |
| South Africa | 17 | 3.2 | 3.42 (–0.2) |
| Russia | 15.5 (–1) | 4.8 (–0.2) | 0.49 (–0.2) |
China's corn import in 2021/22 is projected at 26 mln t, production at 273 mln t, ending stocks at 207.17 mln t.
Corn harvesting in Ukraine as of September 9 came to 64.33 thou. t using the average yield of 4.67 t/ha. Corn export from Ukraine made up 1.3 mln t.
