USDA lifted its forecast for Black Sea grain exports by 1.3 MMT 12 February, 2020 at 15:02

In the USDA’s February report, the majority of estimates for Black Sea 2019/20 grain production and exports remained unchanged from January’s forecast. The changes concerned the following positions:

  • The forecast for corn production in Ukraine was raised (+300 KMT),
  • The forecast for corn exports from Ukraine was increased by 500 KMT,
  • The forecast for wheat exports from Kazakhstan was increased by 800 KMT.

Overall, the forecast for Black Sea grain production was lifted by 0.2% (to 198.6 MMT), and the export estimate grew by 1.2% (to 109.7 MMT). 

 

USDA: Estimates for Black Sea grain production and exports in 2019/20 season, MMT (February)

 

Country

Wheat

Corn

Barley

Production

Export

Production

Export

Production

Export

19/20 (Feb)

19/20 (Jan)

19/20 (Feb)

19/20 (Jan)

19/20 (Feb)

19/20 (Jan)

19/20 (Feb)

19/20 (Jan)

19/20 (Feb)

19/20 (Jan)

19/20 (Feb)

19/20 (Jan)

Ukraine

29.0

29.0

20.5

20.5

35.8Описание: Описание: arrow1

35.5

31.0Описание: Описание: arrow1

30.5

9.5

9.5

5.0

5.0

Russia

73.5

73.5

34.0

34.0

14.5

14.5

5.7

5.7

20.0

20.0

5.6

5.6

Kazakhstan

11.5

11.5

6.0Описание: Описание: arrow1

5.2

0.875

0.875

0.06

0.06

3.9

3.9

1.8

1.8