The corn outlook is moderately more bullish since our last quarterly update. Our old crop ending stocks forecast has tightened further. . . To view this email as a web page,
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Our forecast for 2021 corn plantings three months ago was 93.0 million acres. USDA
surprised the market with planting intentions of just more than 91.1 million acres,
which would be a rather modest 325,000-acre gain from 2020. Assuming a favorable
planting season, we expect final corn acres will exceed USDA’s March intentions. Our
2021-22 balance sheet factors in corn plantings of 92.25 million acres. Even higher
plantings can’t to be ruled out. . .
Download our forecasts for corn absolutely free, which shares outlook for each year through 2024-25 for:
Acreage Supply Use Ending Stocks Crop Year Prices Loan Rate | | |
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