According to the U.S. Department of Agriculture’s (USDA) World Agricultural Supply and demand Estimate (WASDE) report released today, U.S. corn production is projected to reach 14.78 billion bushels for 2018/19. If realized, that would make it the second largest U.S. corn crop ever.
The October forecast for corn production is slightly below what some analysts expected to see in today’s report. Meanwhile, ending stocks for corn came in at 1.8 billion bushels, which was also below average trade estimates. As a result, corn prices increased moderately following release of the report.
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U.S. Corn farmers are committed to continuous improvement in the production of corn, a versatile crop providing abundant high-quality food, feed, renewable energy, biobased products, and ecosystem services.
Corn ethanol is critical for a sustainable, clean energy future.
A Commitment to the Future