News & Publications
July 15, 2024 |
USDA Raises Corn Production, Lowers Corn Stocks in July WASDE Report
In its July World Agricultural Supply and Demand Estimates (WASDE) report, USDA says the 2024-2025 corn outlook calls for larger supplies, greater domestic use and exports, and lower ending stocks.
Corn production is forecast up by 240 million bushels on greater planted and harvested area from the June Acreage Report. Yield is unchanged at 181 bushels an acre, and ending stocks are down by five million bushels. The season-average farm price is down ten cents to $4.30 a bushel.
