Corn planted and harvested area are both reduced this month, but a 2.3-bushel-per-acre increase in yield raises forecast corn production 64 million bushels. Production is also increased for barley and oats, but lowered for sorghum. Feed grain production is expected to be the second highest ever. Corn feed and residual use is raised because of increased supplies. U.S. corn exports are reduced mostly due to reduced demand prospects from Canada. World supplies and use of coarse grains are both increased this month, leaving global stocks nearly unchanged. Corn and sorghum prices are unchanged this month, but projected ranges for barley and oats are narrowed.

Higher Yields Boost Corn Crop