Market Update for Corn, Soybeans, Rice, and Cotton: May 2024
By Michael Deliberto, Ph.D.
LSU AgCenter
The 2024/25 U.S. corn outlook is for larger supplies, greater domestic use and exports, and higher ending stocks. The corn crop is projected at 14.9 billion bushels, 3 percent down from last year’s record as increases in yield helped partially offset decreased area. The yield projection of 181.0 bushels per acre is based on a weather-adjusted trend assuming normal planting progress and summer growing season weather, estimated using the 1988-2023 period.