In its April report, the U.S. Department of Agriculture (USDA) left its forecast for Ukraine’s corn harvest in the 2025–2026 marketing year (MY) unchanged at 30.7 million tons and exports at 22.0 million tons.
The estimate of Ukraine’s ending corn stocks also remained unchanged at 2.95 million tons.
Globally, the USDA raised its forecast for corn production in the 2025-2026 MY to 1,301.07 million tons, exports to 207.29 million tons, and ending stocks to 294.81 million tons. The agency attributes the adjustments in the corn segment in the April report mainly to South Africa, where harvest and export estimates have been raised, while figures for Argentina and Brazil remain unchanged.
