USDA WASDE: 150- Million-Bushel Increase Projected For Corn Exports

Feb 10, 2014

COARSE GRAINS:
U.S. feed grain ending stocks for 2013/14 are expected lower with a 150- million-bushel increase projected for corn ex ports. Global trade data and strong export sales support this month’s outlook for increased world corn imports. Reduced foreign export WASDE-526-2 prospects also lower competition for U.S. corn in the world market. U.S. corn ending stocks are projected 150 million bushels lower with the export increase. The season-average farm price for corn is raised 10 cents on both ends of the projected range to $4.20 to $4.80 per bushel. Season-average farm prices for the other feed grains are also projected slightly higher.

Global coarse grain supplies for 2013/14 are projected 2.1 million tons higher with higher foreign beginning stocks and production. Corn beginning stocks are raised for Argentina and South Africa with exports lowered for 2012/13. Coarse grain production for 2013/14 is up 0.8 million tons as small increases in sorghum, barle y, oats, and millet production more than offset a reduction for corn. Corn production is lower ed 1.0 million tons for Argentina as additional dryness in January reduces expected plantings and trims yield prospects. Production is lowered 0.3 million tons for Russia corn based on final official estimates. Partly offsetting
these reductions is a 0.9-million-ton increase for Ukraine corn output, which is also based on the latest official data. Area harvested and production for both Russia and Ukraine are records for 2013/14.

Global 2013/14 coarse grain consumption is raised 5.0 million tons with higher corn feeding for the European Union, Canada, South Korea, and Egypt and higher barley feeding for Canada, Kazakhstan, Libya, Kuwait, and Syria. Corn feeding is also increased for Mexico, but offsets areduction in sorghum feeding. Sorghum feeding is raised for China with higher imports.

Global corn imports for 2013/14 are raised 3.2 million tons with increases for the European Union, Egypt, South Korea, Mexico, and Vietnam . Corn exports are raised 0.5 million tons each for Russia and Ukraine, but lowered 1.0 million tons for Argentina and 0.5 million tons each for the European Union and India. With stronger foreign corn use, increased U.S. exports fill the gap between higher foreign corn imports and lower foreign corn exports. Global barley imports are also raised, up 0.5 million tons, with increases for Libya, Kuwait, and Syria. Barley exports are raised with Australia, but areduction for Kazakhstan is partly offsetting. Global corn ending stocks are projected 2.9 million tons lower. At the projected 157.3 million tons, world ending stocks remain at a 13-year high.

Source: USDA WASDE

Video: Winter Canola Trial in Mississippi | Can It Work for Double Cropping? | Pioneer Agronomy

Can winter canola open new opportunities for growers in the Mid-South? In this agronomy update from Noxubee County, Mississippi, Pioneer agronomist Gus Eifling shares an early look at a first-year winter canola trial and what farmers are learning from the field.

Planted in late October on 30-inch rows, the crop is now entering the bloom stage and progressing quickly. In this video, we walk through current field conditions, fertility management, and how timing could make this crop a valuable option for double-cropping soybeans or cotton.

If harvest timing lines up with early May, growers may be able to transition directly into another crop during ideal planting windows. Ongoing field trials will help determine whether canola could become a viable rotational option for the region.

Watch for:

How winter canola is performing in its first season in this Mississippi field

Why growers chose 30-inch rows for this trial

What the crop looks like as it moves from bolting into bloom

Fertility strategy, including nitrogen and sulfur applications

How canola harvest timing could enable double-cropping with soybeans or cotton

Upcoming trials comparing soybeans after canola vs. traditional planting

As more growers look for ways to maximize acres and diversify rotations, experiments like this help determine what new crops might fit into existing systems.