• December 12, 2024 – Revised exports in the current marketing year were the main driver of changes to the U.S. supply and demand balance sheet for corn in the December WASDE. This highlights the important role this use category will play in price trends and prospects as we head into 2025.

• November 26, 2024 – Corn harvest was 95% complete on November 10. Sorghum hit that benchmark November 17. This week’s Crop Progress is the last of 2024. Weekly reports resume April 7, 2025. Strong export sales to date for corn and soybeans. Grain sorghum sales are starting to pick up.

• November 15, 2024 – Corn harvest reached 95% early this week, well ahead of the 84% average. Strong numbers for grain for fuel this week with an increase in gasoline demand and ethanol production hitting a new all-time high.

• November 8, 2024 – USDA lowered the average U.S. corn yield in the November WASDE to 183.1 bushels per acre, still a record but down from 183.8 last month. With no other adjustments, this reduction in production lowered ending stocks by 61 million bushels.

Mark Welch
Texas A&M AgriLife Extension Economist
600 John Kimbrough Blvd
TAMU 2124
College Station, Texas 77843
Tel. (979)845-8011
Fax. (979)845-4906
JMWelch(at)tamu.edu

^{The opinions and recommendations expressed are solely those of the author and are intended for educational purposes only as part of the Texas A&M AgriLife Extension Service.  Texas A&M AgriLife Extension Service assumes no liability for the use of this newsletter.  Educational programs of the Texas A&M AgriLife Extension Service are open to all people without regard to race, color, sex, disability, religion, age, or national origin.  The Texas A&M University System, U.S. Department of Agriculture, and the County Commissioners Courts of Texas Cooperating}