As of late-November, about 87 percent of Ukraine’s 2021/22 crop was harvested. Unofficial receipts were at roughly 35.0 MMT, so final production may reach or surpass USDA’s estimate of 38.0 MMT, a record.

Ukraine’s ag ministry raised its 2021/22 production estimate to 40.0 MMT. Ukraine has already shipped around 5.5 MMT of new-crop supplies—a good chunk of which has gone to China.

The record 2021/22 crop has pressured Ukraine corn prices, but steady export activity should add support, keeping U.S. pricing competitive.

Ag. Minister Roman Leshchenko stated that Ukraine’s corn crushing industry will see tax exemptions in what is expected to be an exceptionally busy season, per Maxi Grain.

Ukraine corn production by season

Source: USDA
Posted by: Information Services
Our Information Services team assists our clients with understanding commodity and ingredient market dynamics. Using our extensive database of intelligence, we also produce regular commodity and commercial market publications covering supply and demand fundamentals, news alerts on events that shape the markets, and resource guides to give you a complete picture of the industries we monitor.