SovEcon Raises Ukraine’s Production, Export Forecasts

Ukraine flag
Ukraine flag
(Farm Journal)

Black Sea consulting firm SovEcon raised its 2023 Ukrainian corn crop estimate by 900,000 MT to 29.6 MMT, which would be up 3.4 MMT from last year. It left Ukraine’s 2023 wheat crop peg at 20.7 MMT, which would be unchanged from last year. SovEcon raised its 2023-24 wheat export forecast by 200,000 MT to 13.2 MMT and its corn export outlook by 600,000 MT to 22.6 MMT, noting “Russia has not been able to disrupt the grain flow out of the terminals on the Danube and in Odesa.”

SovEcon increased its 2024 Ukrainian wheat crop forecast by 400,000 MT to 20.1 MMT, as recent rains have improved conditions and winter wheat plantings are expected to rise by 100,000 hectares from last year.

Experience Pro Farmer's leading market insights and analysis for free - sign up for a free trial.

Tags

PRO FARMER
 

Latest News

Market Analysis
AgDay Markets Now: Darren Frye Says Grain Markets Post Higher Week but Will Need These Factors to Keep Rallying
AgDay Markets Now: Darren Frye Says Grain Markets Post Higher Week but Will Need These Factors to Keep Rallying

Darren Frye, Water Street Solutions, says the wheat rally came on weather and technical buying, which also helped corn and soybeans post a higher week. He's not sure it can continue without a bigger weather issue.

Michelle Rook
Market Analysis
Why Did Jerry Gulke Make Some Last-Minute Planting Changes on His Farm?
Why Did Jerry Gulke Make Some Last-Minute Planting Changes on His Farm?

Gulke Group president Jerry Gulke explains why he made the last-minute decision to switch 200 acres of corn to soybeans.

Michelle Rook
Pro Farmer Analysis
Wheat Outlook 5-30-90 Days (4.26.24))
Wheat Outlook 5-30-90 Days (4.26.24))

Recap of the week's price action, advice and outlook broken down into the next 5, 30 and 90 day segments.

Pro Farmer Editors
Market Analysis
Grains Close Higher for the Week: Does the Market Need to Rally and Add More Risk Premium or Not?
Grains Close Higher for the Week: Does the Market Need to Rally and Add More Risk Premium or Not?

Grains end mixed Friday but higher for the week led by wheat.  Cattle make new highs for the move helped by stronger cash.  Can the markets continue to move higher?  Darren Frye, Water Street Solutions, has the answers.

Michelle Rook
Beef
APHIS To Require Electronic Animal ID for Certain Cattle and Bison
APHIS To Require Electronic Animal ID for Certain Cattle and Bison

APHIS issued its final rule on animal ID that has been in place since 2013, switching from solely visual tags to tags that are both electronically and visually readable for certain classes of cattle moving interstate.

Greg Henderson
Taxes and Finance
A Margin Squeeze is Setting in Across Row-Crop Farms, and 80% of Ag Economists Are Now Concerned It'll Accelerate Consolidation
A Margin Squeeze is Setting in Across Row-Crop Farms, and 80% of Ag Economists Are Now Concerned It'll Accelerate Consolidation

There's an immense amount of pressure riding on this year’s crop production picture, and with a margin squeeze setting in across farms, economists think it could accelerate consolidation in the row-crop industry. 

Tyne Morgan
View More