Department of Agriculture, Economic Research Service, June 13, 2023.Įlsewhere, Bloomberg writer Aine Quinn reported yesterday that, “ Russia is considering leaving the deal that allows Ukraine to ship grain exports from Black Sea ports, President Vladimir Putin said at a televised meeting.” “Russia Considering Quitting Ukraine Safe-Corridor Crop Deal, Putin Says,” by Aine Quinn. Yesterday’s Outlook also noted that, “With limited remaining corn supplies in the later part of the marketing year, the impact of recent price movements is minimal and the season-average farm price for corn remains estimated at $6.60 per bushel.” Williams, Angelica, and Todd Hubbs, Feed Outlook: June 2023, FDS-23f, U.S. Department of Agriculture, Economic Research Service, June 13, 2023. exports during the latter part of the 2022/23 marketing and trade year.” Williams, Angelica, and Todd Hubbs, Feed Outlook: June 2023, FDS-23f, U.S. corn are all projected to further limit U.S. An increase in projected corn supplies, exports from Brazil and a growing gap in prices between South American (as well as Ukrainian) and U.S. The ERS report added that, “ At the beginning of June 2023, outstanding sales were 6.5 million tons, the smallest level since 2019 and less than 50 percent of outstanding sales from a year ago. corn prices in export markets sit well above South American competitors.” corn intended for export enters a period of direct competition with South American crops, in particular Brazil’s large second (safrinha) crop. “ From June to the end of the marketing year, U.S. Williams, Angelica, and Todd Hubbs, Feed Outlook: June 2023, FDS-23f, U.S. Corn exports through April are 35 percent down from last year’s 1.662 billion bushels. Department of Commerce, Bureau of the of the Census. corn exports totaled 1.077 billion bushels, according to data from the U.S. Total commitments of corn exports (accumulated exports shipped, combined with remaining outstanding sales) show 1.509 billion bushels as of June 1, down from 2.343 billion bushels in 2021/22. corn exports over the remainder of the marketing year.
Corn export sales, as reported in the USDA’s Foreign Agricultural Service’s Grains Inspected for Export report, reflect the diminished prospects for U.S. corn exports for 2022/23 are lowered to 1.725 billion bushels, down 50 million bushels from the May World Agricultural Supply and Demand Estimates (WASDE) report. In its monthly Feed Outlook report yesterday, the USDA’s Economic Research Service (ERS) indicated that, “ U.S. Illinois Farmland Leasing & Rental Forms.
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