Ukraine’s and Russia’s Corn Crops Combined Could Be .75-1.0 MMT Smaller Than USDA’s Projection.
Bottom Line: The most recent harvest reports show that this year’s Ukrainian corn yields are 17.4% less than a year ago when harvest was at a similar point. Likewise, Russia’s corn yields are 11.8% less than a year ago. However, USDA is projecting that Ukraine’s yield will be down just 15.6% while Russia’s yield is projected…