SovEcon increased its Ukraine grain production forecasts for corn (up 2 MMT to 25.9 MMT), wheat (up 1.3 MMT to 19.2 MMT) and barley (up 400,000 MT to 4.8 MMT) due to stronger-than-expected yields for wheat and barley, along with favorable weather for corn development. The Black Sea consulting firm raised its 2023-24 Ukrainian corn export forecast by 1 MMT to 19 MMT amid the bigger crop estimate. SovEcon also noted: “As the main buyer of Ukrainian grain, the EU could prioritize buying corn over other grains.” It left the 2023-24 wheat and barley export forecasts at 10 MMT and 1.3 MMT, respectively, “as shipments may be limited by infrastructure bottlenecks and recent attacks on the Danube ports.” SovEcon said it believes Danube ports could ship up to 2 MMT to 2.5 MMT of Ukrainian grains per month. More from Pro Farmer.
SovEcon Raises Ukraine Grain Production, Corn Export Forecasts
SovEcon increased its Ukraine grain production forecasts for corn, wheat and barley.
(Farm Journal)
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