December USDA: Ukraine's corn production 2021/22 revised upward
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):
|Ukraine||40 (+2)||32.5 (+1)||1.45 (+0.54)|
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.