World Corn production expected to decrease

Market Trends and Forecasts
World Production

World Corn production for the 2019-20 season, which began on September 1, 2019, is estimated at 1108.62 Mio Tons, +0.6% from November outlook. 

Production is expected to decrease by 1.4% compared to the previous season.

Corn World ProductionThe two main world producers of Corn have opposite trends: a lower production is expected for United States (-5.3%), partially offset by higher expectations for China (+1.3%), reflecting increases to both cultivated area and yield. Corn production forecast is unchanged for Brazil and slightly higher for the EU-28 (+0.5%).

U.S. ethanol production is expected to be higher for the months of November and December.

ethanol productionGlobal Export

World Corn exports for the 2019-20 season are expected at 166.51 Mio Tons, -7.6% compared to the 2018-19 season, lower from the record level anticipated in the recent forecasts.
A decrease in exports is estimated for the 4 main players (United States, Brazil, Argentina and Ukraine), with an overall reduction of 8.3%.

corn exportGlobal Import

The European Union, the main Corn importer, should reduce its purchases (-16.7%).
The growing trend of imports continues for Mexico (+4.8%) and Vietnam (+12.7%), which now ranks 4th among the global.
World Corn imports are expected higher (+2.9%) for the 2019-20 season.

Corn importItalian Import

Italy for the period January-September 2019 increased its imports of Corn by 11.4%. Italian imports from Hungary, Slovenia, Romania and Croatia, are growing sharply, with an overall variation of +43.8%; Ukraina, instead, has reduced its exports towards Italy.

Italy Corn importCorn Prices

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CLAL Team
About

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.

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Posted in Corn