Lindsay Mitchell
Today, the U.S. Department of Agriculture reported corn stocks in all positions on March 1, 2018, totaled 8.89 billion bushels, up 3 percent from the same last year. They also report more corn being stored on farms, up 2 percent from 2017 to 5 billion bushels. Off-farm stocks also saw an increase over last year up 5 percent to 3.89 billion bushels.
USDA predicts planted corn acres for 2018 at 88.0 million acres, down 2 percent of 2.14 million acres from last year. Planted acreage is expected to be less nationwide.
You won't want to miss this important feature on what's coming in the future of the American ethanol industry.
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The 2018 ICGA annual report highlights a myriad of positive action on behalf of corn farmers in Illinois. Check it out and let us know what else we should be working on!
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A recent analysis by the U.S. Grains Council (USGC) shows non-beverage ethanol has been the fastest growing U.S. agricultural export over the past decade by a significant margin.
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