World Perspectives
feed-grains

WASDE Corn

CORN:  USDA’s outlook is that the U.S. corn crop will be 14.5 billion bushels, down 4.3 percent from last year. The corn yield is projected at 177.0 bushels per acre, 4.0 bushels below the weather adjusted trend presented at USDA’s Agricultural Outlook Forum in February. The very slow start to this year’s planting in the major corn producing States and the likelihood that progress by mid-May will remain well behind normal reduce yield prospects.  Food, seed, and industrial (FSI) use is virtually unchanged at 6.8 billion bushels.  Corn used for ethanol is unchanged relative to a year ago on expectations of flat U.S. motor gasoline consumption.  Sorghum FSI is unchanged but higher than the minimum seen i...

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