CBOT corn outlook: seen up slightly on acreage concerns
U.S. corn futures are expected to start slightly higher Monday in an attempt to convince farmers to sow more acres this spring to replenish low supplies. Traders predict corn for March delivery, the most-active contract, will open 1 to 3 cents a bushel higher at the Chicago Board of Trade. FULL STORY »
World Coarse Grain Production, Use & Ending Stocks Reduced
Global coarse grain production in 2010/11 is projected to reach 1,083.5 million tons, down 5.1 million this month. While the U.S. decline is the largest single-country reduction, foreign production is down 3.0 million tons to 753.2 million. FULL STORY »
Sorghum Production Up In 2010/11
U.S. sorghum production for 2010/11 is estimated at 345 million bushels, up 7 million from last month but down 38 million from 2009/10. The upward revision to this year’s production is based on increased harvested acreage. FULL STORY »
Corn Yield Trimmed For 2010/11
U.S. corn production for 2010/11 is decreased 93 million bushels this month to 12,447 million bushels. This month’s decrease reflects a decrease in the average corn yield, down 1.5 bushels per acre to 152.8 bushels per acre.
FULL STORY »
World Corn Trade Prospects Trimmed, U.S. Export Prospects Unchanged
Global corn trade is projected at 92.0 million tons in 2010/11 (October-September), down 1.2 million this month. The largest reduction in projected imports is for Mexico, down 1.0 million tons to 8.1 million. FULL STORY »
Record Corn Ethanol Use For Ethanol Expected Higher
Projected U.S. 2010/11 and 2009/10 corn used for ethanol was raised this month as ethanol production continues to increase. Feed grain supplies are unchanged in 2009/10, but lower ending stocks reduce supply prospects for 2010/11.
FULL STORY »
Feed Grain Production Prospects Up In 2010/11
U.S. feed grain production for 2010/11 is projected at 354 million metric tons, up from 349 million in 2009/10. This year-to-year increase steams from larger projected planted and harvested area for corn, but lower planted and harvest area for sorghum and barley. Oats production is expected to decrease from 2009, with trend yields lower than last year’s record level.
FULL STORY »
Feed Outlook: Record Corn Crop Expected
Forecasted feed grain area planted in 2010, based on the March 31 Prospective Plantings, is up 1.7 percent from 2009. Acres to be planted in corn are expected to be up 2.7 percent. Total feed grain supplies for 2010/11 are forecast up 1.8 percent from 2009/10.
FULL STORY »
Feed Outlook: Corn Feed & Residual Use Lowered
Corn supplies for 2009/10 remain unchanged this month. Total corn utilization is projected down 100 million bushels to 12,915 million, up from 12,056 million in 2008/09. FULL STORY »
Domestic Use Of Feed Grains Down In 2009/10
Supplies of feed grains for 2009/10 remained unchanged this month at 398.9 million metric tons, up from 373.7 million in 2008/09. Total use of feed grains is projected at 345.7 million tons, down by 2.9 million from last month due to decreases in feed and residual use for corn, sorghum, and oats and lower food, seed, and industrial use of barley. FULL STORY »
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