July 12, 2016 – USDA World Supply and Demand Estimates

Corn Projected 2016/17 U.S. feed grain supplies are raised this month as lower beginning stocks are more than offset by increased production. Corn beginning stocks for 2016/17 are lowered 7 million bushels as reductions in 2015/16 feed and residual use and use for ethanol production are more than offset by increases in exports and seed use. Corn production for 2016/17 is projected 110 million bushels higher reflecting the increased planted and harvested areas from the June 30 Acreage report. Continue reading at Monthly Crop Outlook.