The US Department of Agriculture (USDA) has improved its forecast for global wheat and corn production in the 2025-2026 marketing year, with no change to its harvest forecast for Ukraine.
According to the forecast on the US agency’s website, the wheat harvest in Ukraine is estimated at 23 million tons, exports at 16.5 million tons, and ending stocks at 1.49 million tons. The corn harvest is expected to reach 30.5 million tons, with exports at 24 million tons and final stocks at 0.6 million tons.
At the same time, global wheat production in 2025/2026 MY will amount to 808.5 million tons (+0.07 million tons compared to last season), exports – 214.33 million tons (+1.34 million tons), and final stocks – 262.76 million tons (-2.97 million tons).
USDA analysts forecast global corn production in 2025/2026 MY at 1,265.98 million tons (+1 million tons compared to the previous season), global exports at 195.81 million tons (+0.01 million tons), and ending stocks at 275.24 million tons (-2.6 million tons).
