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.
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