Cash Strategist
Author
Published
11/16/2020
A sizable 2.6 bushel per acre corn yield reduction was set in the USDA's November supply and demand report, which was enough to decrease production to 14.5 billion bushels. The USDA increased corn exports by 325 million bushels but made a 75 million bushel reduction to feed and residual use. If correct, this puts U.S. corn exports at a record 2.65 billion bushels this year. This is forecast to leave the U.S. with a tight 1.7 billion bushel corn carryout and an average cash...
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