Agriculture– Solid Ukrainian grain harvest
Recent numbers from Ukraine’s Agriculture Ministry show that the domestic grain harvest so far this season rose 38% YoY to 55.5mt as of 24 November. This is largely driven by a bumper corn harvest, which rose 84% YoY to 24.9mt. Meanwhile, the wheat harvest increased by 16% YoY to 22.5mt, while soybean harvests stood at 4.8mt, compared to 3.6mt a year ago. While acreage for grains is lower this season, it is more than offset by stronger yields.