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USGC confident in adequate supply of US feed grains

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 The U.S. Department of Agriculture Oct. 8 released its World Agricultural Supply and Demand Estimates (WASDE) reflecting the third-largest corn crop and yield on record. While this month’s report lowers U.S. corn yield and production estimates from the previous month, U.S. Grains Council President and CEO Thomas C. Dorr said these market challenges will be addressed. 

“U.S. farmers have always responded to market signals and have been able to produce an adequate supply to meet market demand. This has established the United States’ position in the global marketplace as a reliable, long-term supplier of coarse grains and co-products,” said Dorr. 

In 2008, the United States produced 12.1 billion bushels with an average yield of 153.9 bushels per acre. Today, WASDE forecasts 12.7 billion bushels with an average yield of 155.8 bushels per acre. 

“The Council does not anticipate these production levels will dramatically alter the U.S. position in the global marketplace in the long-term. In the short-term, however, it will have an effect on price and we need to be sensitive to that,” said Dorr. 


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