December World Agricultural Supply and Demand Estimates
All charts from Kansas State Agricultural Economics Department.
Corn Supply and Demand
USDA
Year
23
23/24
Planted Acres (millions)
94.1
Harvested Acres (Millions)
86.3
Yield (bushels per acre)
177.5
Harvested/Planted Acres
91.7%
Production (millions)
15,320
Stocks (millions)
1,402
Imports (million)
25
TOTAL SUPPLY (millions)
16,747
Acres devoted to ethanol production (millions)
29.9
Seed
Food, Alcohol & Industrial
6,735
ethanol for fuel
5,300
Growth in corn used for ethanol
1%
Feed & Residual
5,650
ALL DOM. USE
12,385
EXPORTS
2,100
TOTAL USAGE
14,485
ENDING STOCKS
2,262
STOCK/USE (%)
15.6%
Soybean Supply and Demand
SOYBEANS
Planted Acres
83.5
Harvested Acres
82.7
Yield
52.0
% Harvested
99.0%
Production
4,300
Stocks
255
Imports
20
TOTAL SUPPLY
4,575
Crush
2,300
101
126
2,426
1,850
4,276
300
7.0%
Wheat Supply and Demand
49.6
37.7
46.1
0.760
1,739
580
130
2,449
65
Food
977
90
TOTAL DOM. USE
1,132
Grain Exports
725
Product Exports
TOTAL EXPORTS
1,857
592
STOCKS/USE (%)
31.9%