Jul 10, 2014
Home| Tools| Events| Blogs| Discussions Sign UpLogin

WASDE: Corn Stocks Carryover Lowered

January 12, 2011

COARSE GRAINS: U.S. feed grain supplies for 2010/11 are projected down reflecting lower corn

production. U.S. corn production is estimated 93 million bushels lower as a 1.5-bushel-per-acre

reduction in the national average yield outweighs a 183,000-acre increase in harvested area. A 5-

million-bushel increase in projected U.S. corn imports slightly offsets the reduction in output. Corn feed and residual use is projected 100 million bushels lower based on September-November

disappearance as indicated by the December 1 stocks. Corn used for ethanol is raised 100 million

bushels offsetting the reduction in expected feed and residual use. Record December ethanol

production, as indicated by weekly Energy Information Administration data, boosts corn use to


Ending corn stocks for 2010/11 are projected 87 million bushels lower at 745 million. This is down

963 million bushels from last year. The stocks-to-use ratio is projected at 5.5 percent, the lowest

since 1995/96 when it dropped to 5.0 percent. The 2010/11 marketing-year average farm price

projection is raised 10 cents on both ends of the range to $4.90 to $5.70 per bushel as cash and

Previous 1 2 3 Next

See Comments

RELATED TOPICS: Corn, Marketing, Crops, News, USDA

Log In or Sign Up to comment


No comments have been posted



Receive the latest news, information and commentary customized for you. Sign up to receive the AgWeb Daily eNewsletter today!.

Enter Zip Code below to view live local results:
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions