Record High Corn Crop Projected For 2020/21

The 2020/21 U.S. corn crop is forecast to be a record high 16.0 billion bushels. In spite of lower carryin, supplies will still reach a record 18.1 billion bushels. Corn use is also projected at a record level as food, seed, and industrial (FSI) use, feed and residual use and exports all increase from the 2019/20 COVID-19 impacted levels.