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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USDA says total grain inspected for export reached 2.81 million metric tons for the week ending June 11.
Experts note that economic growth, fuel demand, and energy diversification are opening new opportunities for U.S. grain and ethanol exports in Southeast Asia.
Artisan Milling Company has spent nearly two decades producing stone-ground grits.
Lewis Williamson with HTS Commodities joined us to discuss current crop conditions, USDA crop ratings, summer weather concerns, and the potential market impacts of developments in the Middle East.
