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Feed Outlook, December 2019

With no new data from the National Agricultural Statistics Service this month, and steady demand from exports, food, seed, and industrial use, and feed and residual use, there were no balance sheet changes this month to corn, sorghum, or oats. Projected prices are unchanged for corn and sorghum and lowered 5-cents per bushel for barley and oats.
 
The global production of coarse grains is expected to expand month over month by 6.81 million metric tons. This revision is driven by record Chinese corn yields, which increased their total supply by 6.77 million tons and is expected to increase carryout in 2019/20. This change more than offsets reductions in Australian coarse grains production due to continued drought, amongst other small revisions.
 
 
 
Source : USDA

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This material is based upon work that is supported by the National Institute of Food and Agriculture, U.S. Department of Agriculture, under agreement number 2023-38640-39573 through the North Central Region SARE program under project number ENC23-226. USDA is an equal opportunity employer and service provider. Any opinions, findings, conclusions, or recommendations expressed in this publication are those of the author(s) and should not be construed to represent any official USDA or U.S. Government determination or policy.