It is worth noting that in 2018/19 MG in some countries is also expected to decrease production and ending stocks for corn.

So, in your report, analysts have made significant adjustments to forecasted gross grain harvest in 2018/19 MG. The rating was lowered for Argentina to 46.5 million tonnes, below the previous forecast (49,2 million tons) and in 2017/18 MG (49.5 million tons), Brazil – to 87.5 (90,2; 97) million tons, South Africa – to 11.8 (12,5; 17,5) million tons and Ukraine – to 24.1 (25,5; 20). Only the upward adjustment was carried out for the EU to 65 (64,6; as 62.6) million tons.

Forecast of corn exports in 2018/19 MG was lowered for Argentina to 26 (28; 27,5) million tons, Brazil – to 27.5 (28,5; 34) million tons, South Africa to 1.7 (2; 2,5) million tons and Ukraine – to 18.5 (19; 21,2) million tonnes, but raised for the United States to 51 (48; 58,2) million tons.

In addition, the forecast reserves of corn in the season 2018/19 was lowered for China to 188,7 (190,6; 200) million tons, USA – 61 (64; 58,2) million tons, Argentina – to 10.5 (11,6; 9,1) million tons, Brazil – 7,9 (9,4; 10,4 mln tonnes), Ukraine – 0.8 (1; 0,9) million.

Photo: wexport.com