In the new season, the global market expects a record supply of corn. Total production in the largest exporting countries of this grain (USA, Brazil, Argentina, and Ukraine) will reach 642 million tons (compared to 591 million tons in the previous season), and total supply, including carryover stocks, will be almost 700 million tons. This forecast was announced by Bohdan Kostetsky, Operating Partner at Barva Invest, during the international conference AgroFood Summit 2025 in Mersin on November 20.
“In the 2025-26 season, the supply from leading corn exporters will exceed any previous record by 9%. Only a small part of the additional supply will go to domestic consumption – the main part will enter the world market or remain in ending stocks,” the speaker noted.
According to Barva Invest’s forecast, Ukraine’s corn harvest this year will reach a record 31.6 million tons (26.4 million tons in 2024). Exports will total 24.5 million tons, and the country may end the 2025/26 MY with high ending corn stocks – at the level of 3 million tons (1.3 million tons in the previous season).
“Despite the large harvest, the country faces the consequences of Russian attacks on civilian infrastructure: electricity, railways, and port infrastructure. All this, together with a delayed harvest due to late corn vegetation and high humidity, significantly restrains farmers’ sales. Logistics costs have increased several times, and delays have grown,” Bohdan Kostetsky said.
According to him, Ukrainian farmers will be inclined to moderate sales, will take a pause, and will return to the market with additional supply only after the New Year holidays.
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