HOUSTON (ICIS)–The US Department of Agriculture (USDA) is forecasting higher corn exports and lower ending stocks but otherwise had minimal changes within the December World Agricultural Supply and Demand Estimate (WASDE) report.
This current corn outlook is projecting there to be higher exports and lower ending stocks with exports raised by 25m bushels to 2.1bn bushels reflecting the pace of sales and shipments.
With no other use changes, corn ending stocks are now being reduced by 25m bushels to stand at 2.1bn bushels.
The USDA said the season-average corn price received by producers was also left unchanged at $4.85/bushel.
Published by: www.icis.com
Mark Milam
08-Dec-2023
