WASDE coarse grains: Offsetting changes to feed, residual use, and corn for ethanol in global market
옥수수
게시됨 2022년 4월 9일
Tridge 요약
This month’s 2021/22 U.S. corn outlook is for offsetting changes to feed and residual use and corn used for ethanol production, with unchanged ending stocks. Feed and residual use is lowered 25 million bushels to 5.625 billion based on indicated disappearance during the December-February quarter.
원본 콘텐츠
Corn used to produce ethanol is raised 25 million bushels based on the most recent data from the Grain Crushings and Co-Products Production report, and the pace of weekly ethanol production during March as indicated by Energy Information Administration data. With offsetting use changes, ending stocks are unchanged at 1.440 billion bushels. The season-average farm price is raised 15 cents to $5.80 per bushel based on observed prices to date. Global coarse grain production for 2021/22 is forecast 2.7 million tons higher to 1,501.6 million. This month’s 2021/22 foreign coarse grain outlook is for higher production, reduced trade, and larger ending stocks relative to last month. Foreign corn production is forecast higher with increases for Brazil, Indonesia, Pakistan, and the EU. For Brazil, production is raised reflecting increased area; yield expectations are essentially unchanged this month as much of the second crop will enter the critical phase of development during April. ...