# USDA decided to revise its Black Sea grain export estimates

> USDA cut its 2020/21 Ukrainian corn export forecast by 1 MMT because shipments are slow, and raised Russian wheat exports by 0.5 MMT on more competitive domestic prices. Barley exports were raised for Ukraine and cut for Kazakhstan. The Black Sea region's total grain export potential was revised down slightly to 101.36 MMT.

- Date: 2021-04-13 · published 2021-04-13T12:00:00.000Z
- Category: report · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/47478-usda-decided-to-revise-its-black-sea-grain-export-estimates
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A higher Russian wheat export estimate adds supply to a market that is already competitive, which is bearish for wheat prices. The lower corn export figure modestly reduces Black Sea corn supply.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼
- BARLEY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-07-15 | [Black Sea origins set for fast start to export season: USDA - Grain Central](https://feedsoft.ai/events/58141-black-sea-origins-set-for-fast-start-to-export-season-usda-grain-central.md) | -0.5% | -3.1% |
| WHEAT | 2021-12-13 | [USDA experts raised their forecast for Black Sea grain crop and exports 13.12.2021 - UkrAgroConsult](https://feedsoft.ai/events/14520-usda-experts-raised-their-forecast-for-black-sea-grain-crop-and-exports-13-12.md) | -6.0% | +1.3% |
| WHEAT | 2024-09-11 | [Grain Export via Russian Black Sea Deep Water Ports Up 32% YoY in August 2024 – SeaNews](https://feedsoft.ai/events/14274-grain-export-via-russian-black-sea-deep-water-ports-up-32-yoy-in-august-2024.md) | -1.7% | +4.3% |
| WHEAT | 2019-02-20 | [Rise in South Australia's grain estimates  \| SA](https://feedsoft.ai/events/60570-rise-in-south-australia-s-grain-estimates-sa.md) | -3.5% | +0.0% |
| WHEAT | 2018-12-12 | [USDA Release Latest Supply and Demand Estimates -](https://feedsoft.ai/events/61687-usda-release-latest-supply-and-demand-estimates.md) | +3.7% | +2.0% |
| CORN | 2021-12-13 | [USDA experts raised their forecast for Black Sea grain crop and exports 13.12.2021 - UkrAgroConsult](https://feedsoft.ai/events/14520-usda-experts-raised-their-forecast-for-black-sea-grain-crop-and-exports-13-12.md) | -0.1% | +0.8% |
| CORN | 2018-12-12 | [USDA Release Latest Supply and Demand Estimates -](https://feedsoft.ai/events/61687-usda-release-latest-supply-and-demand-estimates.md) | +1.1% | +1.4% |
| CORN | 2026-01-12 | [Grain Futures Drop After USDA Increases Crop-Supply Estimates - WSJ](https://feedsoft.ai/events/20993-grain-futures-drop-after-usda-increases-crop-supply-estimates-wsj.md) | -2.8% | -1.7% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/usda-decided-to-revise-its-black-sea-grain-export-estimates/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.