Increased foreign corn production finds strong demand

decrease font size  Resize text   increase font size       Printer-friendly version of this article Printer-friendly version of this article

World coarse grain production in 2012/13 is projected to reach 1,284 million tons, up 7 million this month, mostly due to a huge record corn crop reported for China. Global corn production is forecast up 9 million tons to 577 million. China’s corn crop is up 8 million tons to a record 208 million. The entire production increase is projected for use instead of stocks as demand is strong. Statistics Canada published a record estimated corn crop for 2012/13, up 1.5 million tons from USDA’s previous forecast to 13.1 million. World coarse grain ending stocks for 2012/13 are projected down 0.6 million tons this month to 146.5 million. The increase in projected use is slightly larger than the increase in supplies. Global corn trade projected for 2012/13 is raised 1.4 million tons this month to 97.0 million. EU imports are up 1.5 million tons this month to 8.0 million, supported by the strong pace of import licenses.

There was no change in U.S. feed grain balance sheets this month. Prices declined for corn and sorghum, and ranges narrowed for all feed grains.

click image to zoom


Buyers Guide

Doyle Equipment Manufacturing Co.
Doyle Equipment Manufacturing prides themselves as being “The King of the Rotary’s” with their Direct Drive Rotary Blend Systems. With numerous setup possibilities and sizes, ranging from a  more...
A.J. Sackett Sons & Company
Sackett Blend Towers feature the H.I.M, High Intensity Mixer, the next generation of blending and coating technology which supports Precision Fertilizer Blending®. Its unique design allows  more...
R&R Manufacturing Inc.
The R&R Minuteman Blend System is the original proven performer. Fast, precise blending with a compact foot print. Significantly lower horsepower requirement. Low inload height with large  more...
Junge Control Inc.
Junge Control Inc. creates state-of-the-art product blending and measuring solutions that allow you to totally maximize operating efficiency with amazing accuracy and repeatability, superior  more...
Yargus Manufacturing
The flagship blending system for the Layco product line is the fully automated Layco DW System™. The advanced technology of the Layco DW (Declining Weight) system results in a blending  more...
Yargus Manufacturing
The LAYCOTE™ Automated Coating System provides a new level of coating accuracy for a stand-alone coating system or for coating (impregnating) in an automated blending system. The unique  more...
John Deere
The DN345 Drawn Dry Spreader can carry more than 12 tons of fertilizer and 17.5 tons of lime. Designed to operate at field speeds up to 20 MPH with full loads and the G4 spreader uniformly  more...
Force Unlimited
The Pro-Force is a multi-purpose spreader with a wider apron and steeper sides. Our Pro-Force has the most aggressive 30” spinner on the market, and is capable of spreading higher rates of  more...
BBI Spreaders
MagnaSpread 2 & MagnaSpread 3 — With BBI’s patented multi-bin technology, these spreaders operate multiple hoppers guided by independent, variable-rate technology. These models are built on  more...


Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


Smooth Wall Grain Bins

Meridian’s SmoothWall bins are the ultimate storage bins, used to handle and store fertilizer, grain, feed and seed, and extend ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Feedback Form