Corn exports and supply outlook
click image to zoom U.S. corn exports for the 2012/13 season fell to just over 700 million bushels, the lowest level in decades. With that level of exports, the U.S. fell to third place among world exporters with Brazil’s exports at 866 million bushels and Argentina at 750 million.
Only a few years ago the U.S. accounted for more than 60 percent of world trade with Argentina in second place at 15 percent.
Late in 2013, China’s rejection of U.S. corn and DDG exports had an adverse impact on crop markets.
click image to zoom It is impossible to know how things will turn out in 2014, but another year of accumulating corn stocks seems likely. For 2013/14, production is expected to exceed demand by about 1 billion bushels, even with the national average yield below trend. We could add about another 1 billion bushels in 2014 if yields are near trend.
- US soy exports to China could drop with crush-margins at 2-yr low
- Corn to see record production for 2014-15
- Maximizing buyer power in volatile markets
- Insight into drought tolerance of TAM wheat varieties
- Ag markets turned mostly lower Tuesday morning
- GMO safety, weed control top concerns as U.S. study kicks off
- U.S. GMO labeling foes triple spending in first half of this year
- Activists fighting Golden Rice even more in 2014
- Source shows half of GMO research is independent
- White House issues veto threat on bill to block WOTUS rule
- Stoller soybean research produces 214 bushels per acre
- Ag markets turned generally mixed Monday morning