# Terrain | Corn Production Takes the Wheel as Demand Remains Tepid

> A Terrain quarterly outlook says corn production is shaping up as the market's main driver, with prices offering attractive pricing opportunities for growers. Demand is tepid due to a shrinking U.S. cattle herd, a large Brazilian safrinha harvest and a strong U.S. dollar pressuring exports. The 2022/23 U.S. ending stocks-to-use ratio is forecast at 10.6%, with over 3 million more planted acres cushioning yield risk.

- Date: 2023-06-27 · published 2023-06-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35510-terrain-corn-production-takes-the-wheel-as-demand-remains-tepid
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Ending stocks near 10.6% are tight by historical standards, so yield disappointments could lift prices, but the larger planted area limits that risk. Weaker feed demand from the cattle herd decline and Brazilian competition is a bearish offset for corn.

## Read by commodity

- CORN: neutral
- DDGS: neutral

## Sources

- terrainag.com: https://www.terrainag.com/insights/corn-production-takes-the-wheel-as-demand-remains-tepid/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.