The US Department of Agriculture (USDA) has lowered its July forecast for Ukraine’s wheat production in the 2025-2026 marketing year (MG, July-June) by 1 million tons compared to the June forecast, to 22 million tons (by 4.35%), while leaving its forecast for corn unchanged and raising its forecast for soybeans by 1 million tons, to 7.6 million tons (by 15.15%).
According to the US agency’s forecast, published on its website, wheat exports from Ukraine have been reduced by 1 million tons to 15.5 million tons, while final stocks have been increased by 0.1 million tons to 1.59 million tons.
