October 19, 2005

USDA: 2005 US corn crop second largest on record
 

A major change this month from September was the 218-million-bushel increase in the corn crop to 10,857 million bushels, the second largest crop on record. Yields at 146.1 bushels per acre, accounted for most of this month-to-month change. The production increase more than offset an increase in corn utilisation, and corn ending stocks were raised to 2.22 billion bushels.

Corn prices were lowered this month due to the increase in feed grain supply.

Reduced 2005/06 foreign coarse grains production this month and increased foreign use combine to lower projected global coarse grains stocks despite the large increase in expected US corn stocks.

US feed grain production for 2005/06 is forecast at 291.6 million tons, up from 287.3 million last month. The month-to-month increase came from corn. Beginning stocks were lowered to 58.7 million tons and total 2005/06 feed grain supply is 352.4 million tons, up from 350 million in 2004/05.

Corn is estimated to account for 92 percent of feed and residual use in 2005/06.

For the full USDA report, click here.