December USDA: Ukraine's corn production 2021/22 revised upward

Corn field in Ukraine
Corn cultivation in Ukraine
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Corn production in Ukraine in the 2021/22 season is projected 2 mln t higher, at 40 mln t, the USDA December report data shows. Corn export from the country is also seen 1 mln t higher, at 32.5 mln t.

Corn ending stocks projection for Ukraine is 0.54 mln t above the previous report data, at 1.45 mln t.

The world corn production in 2021/22 is expected 4.11 mln t higher and should reach 1,208.73 mln t (November proj.: 1,204.62 mln t). The global corn exports are projected at 204.86 mln t, 1.39 mln t above the November report. Corn ending stocks should reach 305.54 mln t, 1.12 mln t higher mth/mth (November report: 304.42 mln t).

This month’s 2021/22 world corn outlook is for higher production in the key countries, 244.5 mln t in the December report vs. 242.5 mln t in November.

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

 Country Production Exports Ending stocks
 Brazil 118 43 8.93 (+0.5)
 Argentina 54.5 39 2.63
 Ukraine 40 (+2) 32.5 (+1) 1.45 (+0.54)
 South Africa 17 3.2 3.33
 Russia 15 4.5 0.39

China's corn 2021/22 projection in the December USDA report:

  • production: 272.55 mln t, 0.45 mln t
  • import: 26 mln t
  • ending stocks: 210.24 mln t, 0.44 mln t
  • exports: 0.02 mln t

As of 25 November, corn harvesting in Ukraine was 87% completed. The new crop reached 35.07 mln using the average yield of 7.32 t/ha.

Since the start of 2021/22, corn export from Ukraine has come to 6.2 mln t, 8% up YoY.


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