The US could have the largest wheat ending stocks since 1987, at 10 million bushels higher for 2015/16, predicts the latest World Agricultural Supply and Demand Estimates report.
The increase in ethanol production since 2000 has resulted in the ethanol industry moving from being a market for US corn to being the primary user of the grain by 2010, according to a USDA report.
The National Chicken Council (NCC) supports moves to shrink the mandates on ethanol production in the Renewable Fuel Standards (RFS) as a way to avoid high feed corn prices and inelasticity in the feed market.
Prices for corn and soybeans may be about to rise, as some starting crop amounts are down from earlier expectations, said the USDA World Agricultural Supply and Demand Estimates (WASDE).
As Asia slowly recovers from the bird flu crisis, mounting corn
prices are now hitting poultry and other livestock producers as
they race to restock feed supplies. With corn stocks in China
hitting new lows, other feed alternatives...