In a March report, the U.S. Department of Agriculture (USDA) increased its forecast for corn exports from Ukraine in the 2022/2023 marketing year (MY, July-June) by 1 million tons from February data to 23.5 million tons from 22.5 million tons, while for wheat it kept its estimate at 13.5 million tons.
The U.S. Department of Agriculture said in a report on its website Thursday that its forecast for corn production for the current MY is maintained at 27 million tons and wheat at 21 million tons.
Also in the March forecast, the estimate of transitional corn balances in Ukraine at the end of 2022/2023 MY was reduced by 1 million tons to 2.39 million tons from 3.39 million tons, and by 0.04 million tons for wheat to 4.17 million tons from 4.21 million tons.
At the same time, the estimate of domestic consumption of corn in Ukraine in 2022/2023 MY remained at 5 million tons, and wheat – 4 million tons.
In general, the forecast of fodder grain exports in Ukraine in 2022/23 MY in the March forecast was increased by 1.1 million tons – to 26.03 million tons from 24.93 million tons in February, and the forecast of its production was kept at 34.16 million tons.
Since the beginning of 2022/2023 marketing year (July-June) and until March 3, Ukraine exported 32.54 million tons of cereals, including 18.8 million tons of corn (-1% compared to the same period a year earlier), 11.38 million tons of wheat (1.58 times less), 2.06 million tons of barley (2.73 times less), 16.1 thousand tons of rye (10 times less) and 100.5 tons of flour (+47.8%).
