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This report is intended to capture the estimated changes in the trade of major grains for marketing year (MY)2022/23 resulting from the extension of the Black Sea Grain Initiative for the next 120 days at the end of November 2022. MY2022/23 corn production estimates were updated as well.
Ukraine established a 24 million metric ton (MMT) export cap for corn for the marketing year (MY)2020/21.