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.
Click here to read the full report.
CommonGround is a group of farmers connecting with consumers through conversations about science and research and personal stories about food and misinformation surrounding farming. Supported by the NCGA and state corn organizations.
The Soil Health Partnership (SHP) is a farmer-led initiative that fosters transformation in agriculture through improved soil health. Administered by NCGA the partnership has more than 220 working farms enrolled in 16 states. SHP’s mission is to utilize science and data to partner with farmers who are adopting conservation agricultural practices that improve the economic and environmental sustainability of the farm.
The Corn Utilization and Technology Conference (CUTC) is a biennial event happening this June. Learn more.