• February 19, 2021 – Initial projections of supply and demand for the 2021 U.S. corn crop shows the present tight carryover situation continuing. Acre and yield estimates are higher but so are domestic use and exports (maintaining record high levels). Ending stocks were little changed.

• February 12, 2021 – The stocks to use carryover for U.S. corn got a little tighter in the February WASDE. Supply was unchanged but exports were increased 50 million bushels, back up to 2.6 billion. The global ending stock estimate increased on a small increase in supply and a decrease in use.

• February 5, 2021 – This week’s report of export sales commitments for corn showed 293 million bushels of corn sold with 231 million going to China. Corn exports in the 2020/21 marketing year are projected to be an all-time high. Sorghum exports are projected at their highest level since 2015/16.

• January 29, 2021 – The roller coaster ride for corn prices continues, swinging back to upside to close the week. The focus on grain use today is fuel as the ethanol industry struggles to recover from steep declines in gasoline use, plant closures, and lingering effects of COVID on the economy.

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}