KYIV, June 13 – The U.S. Department of Agriculture (USDA) in its report for June published on Friday increased the forecast for Ukrainian corn crop for trade year (TY) 2022/23 by 5 million tons compared to the forecast a month ago, to 25 million tons, while keeping the export estimate at the level of 9 million tons.

U.S. experts increased the forecast for carryovers for 2022/23 TY by 4 million tons, to 12.07 million tons compared to 6.77 million tons for 2021/22 TY.

In addition, USDA raised the estimate of domestic consumption in 2022/23 TY by 1.5 million tons, to 10.7 million tons.