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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Farm CPA Paul Neiffer discusses how January’s WASDE report could impact ARC and PLC payments and updates on disaster relief programs as farmers navigate a challenging market environment.
National Corn Growers Association Chief Economist Krista Swanson discusses corn supply pressures, market fundamentals, policy considerations, and producer outlook for the year ahead.
Iowa Secretary of Agriculture Mike Naig discusses market conditions, policy priorities, and his outlook for agriculture moving forward.
Record ethanol production and improving blending demand continue to support corn usage despite rising short-term inventories.
Freight volatility increasingly determines export margins, making logistics costs as important as price in marketing decisions.
USDA flash corn sales, Cattle on Feed and Inventory reports, and beef packer antitrust concerns dominate January agricultural market news.
Larger grain stocks increase supply pressure, but strong fall disappearance — especially for corn and sorghum — suggests demand remains an important offset.
Record corn and sorghum crops boost feed grain supplies, while reduced soybean and cotton production tighten outlooks for oilseeds and fiber markets.
Lewis Williamson with HTS Commodities joined us to provide analysis on the January WASDE report and expectations for grain markets going forward.
