The USDA’s latest report for the 2024/25 U.S. corn outlook remains unchanged from the previous month. However, the season-average farm price has been raised by 10 cents to $4.35 per bushel.
The U.S. corn outlook is unchanged, but the season-average farm price is raised 10 cents to $4.35 per bushel.
Global coarse grain production is forecast 1.8 million tons lower, with Argentina and Brazil seeing reductions due to weather and planting delays.
Global corn ending stocks are projected to decline 3.0 million tons to 290.3 million, mainly due to lower reserves in China.
Reduced Corn Exports: Brazil, Ukraine, and South Africa are projected to export less corn in 2024/25. Changing Import Demand: China’s corn imports are lowered, while Vietnam and Chile are expected to import more.
Global corn ending stocks are projected to decline by 3.0 million tons to 290.3 million tons, largely due to reduced reserves in China.
With lower global production and shrinking stocks, price volatility in coarse grain markets may intensify. Businesses managing commodity risk can benefit from strategies that stabilize input costs.
The information provided in this market insight is for general informational purposes and should not be considered financial advice. It is not intended to offer any financial recommendations or endorsements. Any decisions made based on the content are the sole responsibility of the reader.
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