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A Southwest Economic Outlook article reviews the 2022 feed grain outlook after a record 2021 national corn yield of 177 bushels per acre and tight corn stocks. USDA projections for 2022/23 call for a 100-million-bushel rise in domestic use and a 100-million-bushel fall in exports.
Prices in 2021 were the highest since 2012 and 2013.
Projected higher domestic use and lower exports point to a modest tightening of the feed grain balance. Ending stocks of 36.7 days remain relatively tight, which supports feed grain prices if supplies do not rebuild.
farmprogress.comMark Welch, Scott ClawsonJan 17, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
