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USDA reduced the estimate of global corn production to 2017/18 MG
Analysts USDA in its February report downgraded the forecast for world corn production to 2017/18 MG to 3 million tons in comparison with the last month - up to 1,041 billion tons
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As specified, the decrease in the overall assessment resulted mainly from the adjustment index for Argentina to 39 million tons in comparison with the forecast in January of 42 million tons, also lower than the level of grain production in the country in 2016/17 MG (41 million tons). In addition, the forecast of grain harvest was reduced for Ukraine – up to 24,115 (-0,8) million tons.

Forecast world ending stocks of corn in the current marketing year, the USDA analysts also lowered by 3.5 million tons to 203 million tons, which is significantly inferior to the result of the previous season (229,7 million tons). The rating was lowered for the United States to 59.7 (-3,2 million tons) and Argentina to 5.2 (-1) million tons, but raised for Brazil, up to 10.6 (+0,3 mln tonnes) and Mexico to 4.8 (+,3) million tons.

At the same time, several experts have raised the forecast of world maize exports in 2017/18 MG – up to 151.5 million tonnes in comparison with the previous assessment (150,8 million tons), which is the maximum indicator for the last 5 seasons. In particular, the rating was increased for the United States to 51.5 (+3) million tons. At the same time, downward adjustments have been made to Argentina – 26.5 (-1,5) million tonnes, Brazil 34 (-1,5) million tons and Ukraine – up to 20 (-0,5) million tons.

Photo: nashzeleniymir.ru



Translated by service "Yandex.Translation»
Источники: АПК-Информ
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