In its July report, the United States Department of Agriculture (USDA) reduced its forecast for Ukraine’s wheat production in the 2025/26 marketing year by 1 million tons — to 22 million tons, which marks a 4.35% decrease compared to its June estimate, reports Baltimore Chronicle citing Interfax-Ukraine.
The projection for corn production remained unchanged. However, the soybean forecast was revised significantly upward — to 7.6 million tons, up 1 million tons from the previous estimate and 15.15% higher than last season. This figure exceeds the previous all-time high of 7 million tons.
Ukraine’s wheat export expectations were also lowered by 1 million tons — to 15.5 million tons. Meanwhile, the country’s ending wheat stocks were adjusted slightly upward by 0.1 million tons — to 1.59 million tons.
As for corn, Ukraine is projected to harvest 30.5 million tons in the 2025/26 marketing year, with exports totaling 24 million tons and ending stocks estimated at 0.6 million tons.
The report emphasizes that global soybean supply and demand projections for 2025/26 reflect higher overall availability, increased processing volumes, reduced exports, and rising ending stocks. The most notable change came from Ukraine, where output was unexpectedly raised by 1 million tons due to updated government data on planting progress.
Earlier we wrote that Ukraine and EBRD to launch new stock exchange.