NCGA Watching Crop Projections, Confident Growers Can Meet Demands (6-10-08)

With Tuesday’s release of the U.S. Department of Agriculture’s latest World Agricultural Supply and Demand Estimates, the National Corn Growers Association said that while there is reason to be concerned about the weather’s impact on the corn crop, growers are confident they can still produce an adequate crop.

“Thanks to a very successful 2007, we started this year off with a significant level of beginning stocks that can help see us through a season of reduced production,” said NCGA President Ron Litterer, a grower from Greene, Iowa.

In its report, the USDA increased its projection of carry-out from the current crop marketing year to 1.433 billion bushels, based on reduced exports this year. While the planted and harvested acre projection remains the same as the May report, the yield was reduced by 5 bushels an acre due to “slow planting progress, slow crop emergence, and persistent, heavy rainfall across the Corn Belt.”

Click here to view the USDA’s World Agricultural Supply and Demand Estimates.