World corn stocks in 2023/24 MY may reach the maximum of the last 5 years

Source:  Latifundist.com
кукуруза

World corn stocks in 2023/24 MY may reach the maximum of the last 5 years and will exceed the level of the last season by 7%, including due to the growth of stocks in the U.S. (by 60% for the year).

This is reported by Reuters, citing the USDA.

Growth of stocks in the U.S. in 2023/24 MY is expected due to low domestic demand and high corn yield in the country, as well as due to a significant supply of grain on the world market from competitors.

Annual growth rate in U.S. versus world corn stocks
The US Department of Agriculture preliminarily expects that the US corn ending stocks for 2024-25 will reach a 37-year high and grow by another 17% compared to this year, even with a smaller harvest. However, at this rate, global corn stocks in 2024-2025 may remain unchanged for the year and be in line with “normal” trends.

Tags: ,

Got additional questions?
We will be happy to assist!