The US Department of Agriculture (USDA) has revised down its forecasts for Ukrainian wheat and corn exports in the 2026/27 marketing year, according to its November report.
USDA analysts raised their estimate for Ukraine's wheat harvest to 26.5 million tonnes, an increase of 0.5 million tonnes compared with the previous month's forecast. However, Ukrainian wheat exports for the current season are now projected at 11.5 million tonnes, down 1 million tonnes.
The forecast for Ukraine's corn harvest remains unchanged at 31.8 million tonnes, while the export projection has been reduced by 2 million tonnes to 20 million tonnes.
Meanwhile, the estimate for Ukraine's barley harvest has been increased by 0.4 million tonnes to 7 million tonnes, with exports expected to remain at 1.9 million tonnes.
USDA expects global wheat production in the 2026/27 season to reach 827.5 million tonnes, an upward revision of 5.1 million tonnes. Global wheat exports are forecast at 209.2 million tonnes, down 0.8 million tonnes from the previous estimate.
Global corn production is projected at 1,291.6 million tonnes, a decrease of 2.2 million tonnes, while exports are expected to reach 209.9 million tonnes, down 1.7 million tonnes.
Worldwide barley production is forecast to increase by 1 million tonnes to 161.1 million tonnes, while global barley trade is projected at 32.9 million tonnes, up 1.2 million tonnes from the previous forecast.
