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by | Apr 10, 2020

Latest WASDE Report

USDA published the latest WASDE report, which you can read in full here. The report included the following information on corn:  

  • This month’s 2019/20 U.S. corn outlook is for reduced imports, greater feed and residual use, lower food, seed, and industrial use, and larger stocks. Feed and residual use is raised 150 million bushels to 5.675 billion. This is based on corn stocks reported as of March 1 which indicated disappearance during the December- February quarter rose about 4 percent relative to a year ago.

  • Lower forecast corn used for ethanol also supports larger feed and residual use. Corn used to produce ethanol is lowered 375 million bushels to 5.050 billion based on the latest indications from Energy Information Administration data indicating an unprecedented decline in ethanol production and motor gasoline consumption as a result of COVID-19.

  • Partly offsetting is a forecast increase in the amount of corn used for alcohol for beverages and manufacturing use. With supply down fractionally and use declining, ending stocks are raised 200 million bushels to 2.092 billion.

  • The season-average marketing weighted corn price received by producers is lowered 20 cents to $3.60 per bushel.

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Kentucky Corn strives to create a future for Kentucky corn farmers where they can operate successfully, grow demand and foster an understanding of corn farmers and the industry.

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For us, grassroots means that corn farmer members are the organization. Our organization is governed by a board of directors of volunteer farmers who are elected by farmer members. Kentucky Corn Growers Association’s ability to influence policy decisions depends entirely on the strength of its membership.

By being a member, you make the Kentucky Corn Growers Association a stronger advocacy group.

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