Farm Progress

WASDE predicts higher corn exports

Corn exports estimates are up, world cotton production estimate is down and milling yield for the U.S. rice crop is the highest in five years, according to USDA’s February Crop Production report and World Agricultural Supply and Demand Estimates

Elton Robinson 1, Editor

February 12, 2014

1 Min Read

Corn exports estimates are up, world cotton production estimate is down and milling yield for the U.S. rice crop is the highest in five years, according to USDA’s February Crop Production report and World Agricultural Supply and Demand Estimates

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Corn

U.S. corn ending stocks are projected 150 million bushels lower on a 150 million bushel increase in exports. The season-average farm price for corn is now projected 10 cents higher. Corn production is unchanged from last month at 13.9 billion bushels.

Check Current Corn Futures Prices.

According to USDA, increased U.S. exports are expected to fill the gap between higher foreign corn imports and lower foreign corn exports. Global corn ending stocks are projected 2.9 million tons lower, but still remain at a 13-year high.

 

 

More information on commodity markets:

Why wheat prices increase?

Corn and drought not supporting wheat prices

Can you expect wheat prices to rise?

About the Author

Elton Robinson 1

Elton Robinson 1

Editor, Delta Farm Press

Elton joined Delta Farm Press in March 1993, and was named editor of the publication in July 1997. He writes about agriculture-related issues for cotton, corn, soybean, rice and wheat producers in west Tennessee, Arkansas, Mississippi, Louisiana and southeast Missouri. Elton worked as editor of a weekly community newspaper and wrote for a monthly cotton magazine prior to Delta Farm Press. Elton and his wife, Stephony, live in Atoka, Tenn., 30 miles north of Memphis. They have three grown sons, Ryan Robinson, Nick Gatlin and Will Gatlin.

See more from Elton Robinson 1
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