April Market Update: Corn, Soybeans, Rice, and Cotton
By Michael Deliberto, Ph.D.
LSU AgCenter
The April 2019/20 U.S. corn outlook calls for reduced imports, greater feed and residual use, lower food, seed, and industrial use, and larger stocks. Feed and residual use is raised 150 M bushels to 5.675 B. This is based on corn stocks reported as of March 1st which indicated disappearance during the December to February quarter rose about 4% relative to a year ago. Lower forecast corn used for ethanol also lends support that this increase in the rate of disappearance be attributed to larger feed and residual use.