By Dr. Michael Diliberto
LSU AgCenter
This month’s 2023/24 U.S. corn outlook calls for fractionally higher supplies and ending stocks. Corn beginning stocks were lowered by 50 million bushels, as greater feed and residual use for 2022/23 more than offsets reductions in corn used for ethanol and exports. Corn production for 2023/24 is forecast up 55 million bushels as greater planted and harvested area from the June 30th Acreage report is partially offset by a 4.0-bushel reduction in yield to 177.5 bushels per acre.