In its December report, the U.S. Department of Agriculture (USDA) lowered its forecasts for Ukrainian grain exports in the 2025/26 marketing year, ProAgro Group reports.

In particular, the projected wheat exports were reduced from 15 million tons to 14.5 million tons. Wheat production remains unchanged at 23 million tons, while domestic consumption is now expected to be higher, at 7.6 million tons compared to the previous forecast of 7.1 million tons.

Ukraine’s corn export forecast was cut from 24.5 million tons to 23 million tons. Corn production was revised down from 32 million tons to 29 million tons due to smaller planted areas and unfavorable weather conditions. Domestic consumption is projected at 6 million tons, while ending stocks are estimated at just 0.85 million tons.

Export estimates for other grains were also reduced from 3.09 million tons to 2.5 million tons, with production unchanged at 6.58 million tons. Increased domestic consumption, forecast at 4.15 million tons, became the key factor behind lower export volumes.

At the same time, on the global level, USDA increased its forecasts for world exports: wheat to 218.71 million tons (+1.5 million tons), corn to 205.10 million tons (+1.63 million tons), and other grains to 44.17 million tons (+0.33 million tons).

As previously reported, corn export volumes in December exceeded last year’s levels for the first time since the start of the season.