Corn Market Questions
The US still grows lot and lots of corn. But the US has more competition these days, and export prices for Ukrainian corn is stronger following the USDA report on crops and grain reserves.
The USDA's Mark Jekanowski says Ukraine's influence is growing in world corn markets.
According to USDA forecasts, the world corn harvest in the new season may reach a new record of 1.188 billion tons.
According to analysts, the corn harvest in Ukraine in 2020 is formed on a record area of 5.4 million hectares. As analysts note, back in June there were certain doubts about the preservation of high indicators of grain yield. But weather conditions made it possible to make positive changes, and this figure is estimated at 7 t/ha. As a result, the gross harvest of corn may reach another record and amount to 36.6 million tons.