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Unfavorable weather conditions in autumn 2024 resulted in decreased winter wheat area. Functioning maritime logistics in MY2023/24 and the first half of MY2024/25 kept shipping rates stable and have allowed Ukraine to quicky and cost efficiently export large volumes of commodities to distant markets.

In MY2025/2026, Taiwan’s wheat imports are forecast at 1.38 MMT supported by Taiwan consumers’ preference for more diverse food offerings including wheat-based products and a vibrant baking industry.

Post’s marketing year (MY) 2024/25 production estimate for all grains is 13 percent lower than its MY2023/24 estimate. With MY2024/25 beginning stocks at minimum levels, Post’s export estimates are 26 percent lower than its estimates for the previous MY.

Ukraine’s wheat, barley, and rye harvest for marketing year (MY) 2024/25 has concluded. MY2024/25 corn production is smaller due to lower yields. Post estimates MY2024/25 beginning stocks for grains at minimal levels, as Ukraine was able to maintain an independent export corridor out of its Odesa region ports for most of MY2023/24.

Ukraine’s marketing year (MY)2023/24 has concluded for wheat, barley, and rye, but is still ongoing for corn. Ukraine established a stable export corridor in the Black Sea, allowing its major marine ports (Odesa, Chornomorsk, and Pivdenny) to keep grain exports flowing at rates slightly higher than in MY2022/23.

The 2023 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2023 calendar year.

Grain production in Ukraine has remained unprofitable since the Russia’s invasion, and this is expected to translate into decreased grain area for MY2024/25. With CY2024 yields forecast below the previous near-record-breaking CY2023, the total grain MY2024/25 production volume is forecast to be lower than for the previous marketing year.

In MY2024/2025, Taiwan’s wheat imports are forecast at 1.4 MMT. The United States is expected to recover market share from Australia due to better competitiveness and availability. MY2023/2024 and MY2024/2025 corn imports are forecast to recover to 4.55 MMT due to improved feed demand outlook, with restocking in both the hog and poultry sectors.

Ukraine’s MY2023/24 harvest features higher grain production volumes across the board than the previous year. By the end of 2023, Ukraine independently resumed operations of its major marine ports on the Black Sea, Chornomorsk, Odesa, and Pivdennyi...

Marketing year 2023/24 is expected to be another favorable year for grain production in Ukraine, with production volumes exceeding the ones for the previous year, particularly for corn. Ukraine currently has higher-than-normal beginning stocks for...

This report contains revised production and export forecasts for MY2023/24 by Post

Dashboard that demonstrates the scope of Black Sea grain and oilseed trade. Millions of tons of grain are shipped through these international waters each year, making the Black Sea region a major supplier of agricultural commodities worldwide.