Global Corn production for the 2018-19 season is estimated at 1107.4 Mio Tons, higher than the previous forecasts and +2.9% from last season. Brazil Corn production is raised, reflecting improved yield prospects for second-crop corn. Argentina corn is higher based on expectations of larger area.
For the United States, the largest Corn producer in the world, production is expected at 366.3 Mio Tons (-1.3% compared to the previous season) and Corn used to produce ethanol is lowered.
TESEO.clal.it – U.S. Ethanol production
In 2018 the United States increased exports to all the main purchasing countries: Mexico, Japan, South Korea, Colombia and Taiwan. Forecasts for the season (September 2018 – August 2019) show a weakening of US exports, reflecting competition from Brazil, Argentina and Ukraine.
The EU-28 is the main Corn importer and is increasingly dependent on imports from extra-EU countries. In 2018 the EU imported 21.7 Mio Tons of Corn, and exported 2.2 Mio Tons. The trade balance therefore shows -19.5 Mio Tons in 2018, while in 2017 it was -14.6 Mio Tons.
EU Corn imports grew by +32.4% in 2018 compared to 2017. 52% of the Corn comes from Ukraine, which exported to the EU 11.4 Mio Tons (+32.8%). Brazil, with a 22% share, is the second supplier (4.8 Mio Tons, +12.5%). European imports from the United States and Canada, third and fourth suppliers, have doubled compared to 2017.
TESEO.clal.it – Global Corn Exporters
TESEO.clal.it – EU Corn Imports
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Corn-Report-April-2019.pdf (1 MB)
Corn Report - April 2019
Source: USDA, IHS, ISTAT
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The CLAL.it team is composed of young people who with the help of Computer Science study the dairy market and develop tools to provide the Operators of the dairy sector with a comprehensive real-time view of the national and international market trends.
