According to the U.S. Department of Agriculture’s (USDA) World Agricultural Supply and demand Estimate (WASDE) report released today, decreased demand forecasts for U.S. corn from ethanol markets will impact ending stocks, which are projected 45 million bushels higher than the previous month.
Notably, ethanol demand forecasts reflect data showing that corn use during the quarter from September through November fell relative to prior years for the first time since 2012.
The corn price forecast remained at $3.60 per bushel at the midpoint while the range narrowed to between $3.25 and $3.95.
Click here to read the full report.
CommonGround
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.
SHP
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.
CUTC
The Corn Utilization and Technology Conference (CUTC) is a biennial event happening this June. Learn more.
