October USDA: Ukraine's corn harvest projected shorter in 2021/22

The USDA projects the world corn production in the 2021/22 season 0.45 mln t higher at 1,198.22 mln t (September Proj.: 1,197.77 mln t). The global corn exports are projected at 201.91 mln t, 0.64 mln t above the September report. Corn ending stocks should reach 301.74 mln t, 4.11 mln t higher mth/mth (September report: 297.63 mln t).

In the October report, the USDA analysts cut the forecast for corn production in Ukraine to 38 mln t, 1 mln t below the September projection. Corn export from Ukraine in 2021/22 is forecast at 31.5 mln t, 0.5 mln t down. The ending stocks are put 0.2 mln t short from the previous projection, at 0.91 mln t.

This month’s 2021/22 world corn outlook is for shorter production in the key countries, 241 mln t in the October report vs. 242.5 mln t in September.

The projection for the major corn exporters in 2021/22 (October vs. September report indicators, mln t):

 Country Production Exports Ending stocks
 Brazil 118 43 8.43
 Argentina 53 38 2.63
 Ukraine 38 (–1) 31.5 (–0.5) 0.91 (–0.2)
 South Africa 17 3.2 3.33 (–0.09)
 Russia 15 (–0.5) 4.5 (–0.3) 0.39 (–0.1)

China's corn import in 2021/22 is projected at 26 mln t, production at 273 mln t, ending stocks at 209.17 mln t (September report: 207.17 mln t).

Corn harvesting in Ukraine as of 7 October came to 4.17 mln t using the average yield of 5.29 t/ha. The crop was 14% harvested.

Corn production in Ukraine and worldwide (click for full resolution)

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