WASDE Coarse Grains: U.S. corn supply, usage unchanged

Published 2021년 12월 9일

Tridge summary

The U.S. Department of Agriculture has released its updated report on the 2021/22 corn supply and use outlook, indicating no changes from the previous month with the season-average farm price set at $5.45 per bushel. Globally, coarse grain production is projected to increase by 2.7 million tons, reaching 1,501.7 million, driven by higher production in the EU and Ukraine, but with a decrease in China. Additionally, the report notes changes in barley and sorghum production and trade in various countries, including increased corn exports for Ukraine and the EU, and adjusted import expectations for several countries. The report also adjusts export prospects for Brazil's 2020/21 corn and sorghum seasons and raises sorghum exports for Australia, with adjusted import projections for China.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This month’s 2021/22 U.S. corn supply and use outlook is unchanged from last month. The projected season-average farm price remains at $5.45 per bushel. Global coarse grain production for 2021/22 is forecast 2.7 million tons higher to 1,501.7 million. The foreign coarse grain outlook is for greater production, increased trade, and larger ending stocks relative to last month. Foreign corn production is forecast higher as increases for the EU and Ukraine more than offset a reduction for China. EU corn production is raised reflecting increases for France, Romania, and Poland. Ukraine corn production is higher based on harvest results to date. China corn production is reduced reflecting the latest information published by the National Bureau of Statistics which indicated higher area that was more than offset by a reduction in yield. Barley production is raised for Australia but lowered for the EU and Iran. Sorghum production is increased for Australia. Corn exports are raised for ...

Source: Agfax