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

 

 

USDA

 

23

 

23/24

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

Seed

101

Feed & Residual

25

 

126

      ALL DOM. USE

2,426

 

 

      EXPORTS

1,850

 

 

      TOTAL USAGE

4,276

 

 

ENDING STOCKS

300

 

 

STOCK/USE (%)

7.0%
   

Wheat Supply and Demand

 

 

USDA

 

23

 

23/24

 

 

Planted Acres

49.6

Harvested Acres

37.7

Yield

46.1

% Harvested

0.760

Production

1,739

Stocks

580

Imports

130

     TOTAL SUPPLY

2,449

 

 

Seed

65

Food

977

Feed & Residual

90

     TOTAL DOM. USE

1,132

 

 

Grain Exports

725

Product Exports

 

     TOTAL EXPORTS

725

 

 

     TOTAL USAGE

1,857

 

 

ENDING STOCKS

592

 

 

STOCKS/USE (%)

31.9%