WASDE: Coarse Grain Outlook
month’s 2020/21 U.S. corn outlook is for lower production, reduced corn
used for ethanol and feed and residual use, and smaller ending stocks.
Corn production is forecast at 14.722 billion bushels, down 178 million
with a reduction in harvested area and a slight decline in yield to
178.4 bushels per acre. Corn supplies are forecast down sharply from
last month, on a smaller crop and lower beginning stocks. Corn used for
ethanol is down 50 million bushels, based on weekly ethanol production
data as reported by the Energy Information Administration into early
October. Projected feed and residual use is lowered 50 million bushels
based on a reduced crop and higher expected prices. Corn ending stocks
for 2020/21 are lowered 336 million bushels. The corn price is raised
10 cents to $3.60 per bushel.
Grain sorghum production is forecast higher from last month, with a 0.2-bushel per acre increase in the yield to 74.1 bushels per acre and an increase in harvested area.
Global coarse grain production for 2020/21 is forecast lower to 1,458.8 million tons. The 2020/21 foreign coarse grain outlook is for higher production, increased use, and greater stocks relative to last month. Foreign corn production is forecast modestly higher with increases for several countries, including Serbia, Ghana, Kenya, Tanzania, Burkina, and Mali more than offsetting declines for Ukraine and the EU. The projected corn yield for Ukraine is lowered based on reported harvest results to date.
Corn exports are raised for Serbia but lowered for Ukraine and the EU. For 2019/20, corn exports for Argentina are raised for the local marketing year beginning March 2020 based on larger-than-expected shipments through September. For 2020/21, corn imports are lowered for the EU, Iran, and Kenya, but raised for Saudi Arabia, Vietnam, and Iraq. Foreign corn ending stocks are higher, mostly reflecting increases for Mexico, the EU, and Canada. Global corn ending stocks, at 300.5 million tons, are down 6.3 million from last month.
Corn Balance Sheet
Estimated Weekly Meat Production
Export Sales Highlights
Farms and Land in Farms Highlights
Livestock, Dairy & Poultry Outlook
Milk Production By State
National Drought Monitor
National Feeder Cattle Report
National Grain Report
Natural Gas Weekly Update
Number Of Farms By State
Quarterly Hogs & Pigs
Soybean Balance Sheet
United States Ag Production Report
USDA Grain Stocks Report
USDA Prospective Plantings Report
WASDE: Feed Grain Outlook
WASDE: Livestock, Dairy & Poultry Outlook
WASDE: Oilseed Outlook
WASDE: Wheat Outlook