U.S. feed grain supplies for 2015/16 are lowered as small increases in corn and sorghum imports and sorghum production are more than offset by a reduction in corn production. Harvested area for corn is raised slightly, but the national average yield is estimated 0.9 bushel per acre lower than the previous forecast at 168.4 bushels per acre. Corn production for 2015/16 is estimated 53 million bushels lower, but remains the third largest crop on record at 13.6 billion. Continue reading at Monthly Crop Comments & Profitability Update.

December 9, 2015 – USDA World Supply and Demand Estimates

by Dr. Aaron Smith & Chuck Danehower

Corn

Projected U.S. feed grain ending stocks for 2015/16 are raised slightly this month. U.S. corn use for ethanol production in 2015/16 is projected 25 million bushels higher based on the strongerthan-expected pace of ethanol production during November as indicated by weekly data from the Energy Information Administration (EIA). EIA also raised its forecasts for 2015 and 2016 gasoline consumption in the December Short-term Energy Outlook. Corn exports for 2015/16 are projected 50 million bushels lower, reflecting the slow pace of sales and shipments to date and higher projected exports for Brazil and Canada. U.S. corn ending stocks are projected 25 million bushels higher at 1,785 million bushels. Continue reading at Monthly Crop Outlook.

November 10, 2015 – USDA World Supply and Demand Estimates

Corn

Projected 2015/16 U.S. feed grain supplies are raised this month on higher forecast production for corn and sorghum. Corn production is forecast 99 million bushels higher with the national average yield raised 1.3 bushels per acre to 169.3 bushels, just 1.7 bushels below last year’s record. Projected domestic corn use for 2015/16 is lowered 50 million bushels as a 25-millionbushel increase in expected feed and residual use, with the larger crop and lower expected prices, is more than offset by a 75-million-bushel reduction in corn used to produce ethanol. Continue reading at Monthly Crop & Profitability Outlook .

Dr. Aaron Smith’s comments on the October 9, 2015 USDA World Supply & Dermand Estimates and an update on 2016 Profitability Outlook have been posted at Monthly Crop Outlook.