Total corn use for the 2009/2010 year is projected 3 percent higher than the current year, partly because of stronger exports, according to USDA’s World Agricultural Supply and Demand Estimates. The report was released this week.
“Corn exports are projected 9 percent higher as world corn trade and feeding recover and feed wheat out of the Black Sea region reduces in availability,” said Ken Hobbie, U.S Grains Council president and chief executive officer . “Exports for U.S. corn and all coarse grains are picking up modestly and will contribute to securing profitability for U.S. growers.”
U.S. corn exports for 2009/2010 are estimated at 1.9 billion bushels, up from the 1.8 billion bushels projected for 2008/2009 and down from 2.4 billion bushels in 2007/2008. Barley exports are projected higher at 20 million bushels, up from 14 million bushels from 2008/2009 projections. U.S. sorghum exports are higher at 140 million bushels, up from 130 million bushels projected in 2008/2009.
To view the report, click here.