July USDA: corn production and export from Ukraine unchanged, world output up

Corn production in Ukraine in the 2022/23 season is projected at 25 mln t, the USDA July report data shows. Corn exports from the country are put at 9 mln t, flat on the previous projection. Corn ending stocks in Ukraine are projected at 12.07 mln t.

The world corn production in 2022/232 is expected 0.09 mln t higher at 1,185.90 mln t (June proj.: 1,185.81 mln t). The global corn exports are projected at 182.57 mln t, 0.1 mln t down on the June report. Corn ending stocks are seen at 312.94 mln t, 2.49 mln t up mth/mth (June report: 310.45 mln t).

READ MORE: From Field to Port: Corn. Production, Storage and Profitable Sale

The US corn output proj. in 2022/23 is improved by the USDA to 368.44 mln t, 1.14 mln t above the June report data. Corn exports from the US remain unchanged, the country is expected to supply 60.96 mln t of grain to foreign markets. The US corn ending stocks should increase by 1.78 mln t to 37.33.

The projection for the major corn exporters in 2022/23 (July vs. June report indicators, mln t):

China's corn 2022/23 projection in the July USDA report:

• production: 271 mln t
• import: 18 mln t
• ending stocks: 204.22 mln t
• exports: 0.02 mln t

Corn export from Ukraine as of July 13 made up 403 thou. t, 17% down YoY.

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