After the eye-opening WASDE, corn growers are asking for help with a record crop on the horizon and few places for it to go.
The National Corn Growers Association says farmers are already facing low prices, and the latest report will only add to their issues. They are calling for market-based solutions to increase demand, particularly with ethanol.
NCGA wants Congress to make E15 available year-round, saying it will help consumers and farmers with extra supplies. Tuesday’s numbers show this year’s corn crop could be nearly 10 percent above 2023.
Corn ending stocks are expected at just over 2 billion bushels when the season is over, the largest since 2019.
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Seth Tucker of Tucker Farms, a first-generation Arkansas farmer, says rising input costs are forcing changes to his operation, including stepping away from rice this season.
Rich Nelson with Allendale joined us to break down early planting progress, market expectations, and what producers should keep an eye on as the season moves forward.
Lower U.S. ethanol production and stocks may support ethanol prices while strong export demand continues to support ethanol and corn markets.
Researchers with the University of Tennessee Institute of Agriculture are studying the clouded plant bug, which causes millions of dollars in damage to crops such as corn, soybeans, and cotton growing across the state.
Farm Bureau Economist Dr. Faith Parum warns farmers to brace for more losses as the war in Iran sends shockwaves through the ag economy and raises input costs even further.
Corn and sorghum exports remain strong; soybean demand lags.
