• March 10, 2023 – Few changes to the supply and demand balance sheets for corn in the March WASDE. Corn exports were reduced by 75 million bushels raising ending stocks a like amount. No changes were made to the supply and demand estimates for sorghum.

• March 3, 2023 – Crop conditions are mixed in South America with hot and dry weather taking a toll on the early planted corn crop in Argentina. Conditions in Brazil are mostly favorable. Production estimates from this region will be a closely watched feature of next week’s WASDE.

• February 24, 2023 – The Corn Outlook table presented at USDA’s Ag Outlook Forum calls for an increase in acres, higher yields, and an increase in ending stocks. The projected cash price of corn is down $1.10 per bushel compared to 2022/23 at $5.60.

• February 17, 2023 – Corn and grain sorghum exports have picked up the pace the last few weeks working towards their marketing year targets. Gasoline demand continues to run about 5% below last year; ethanol production is down about 4%.

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}