The USDA is projecting almost 22 billion bushels of commodity grain will be produced in 2021 which has some industry analysts concerned where it will be stored, according to Progressive Farmer. The USDA-NASS May World Agricultural Supply and Demand Estimates (WASDE) report projected 2021 corn production at roughly 14.99 billion bushels. Additionally, higher-than-usual steel prices will likely cause farmers and grain-trading firms to hold off calling local bin-building companies for bin construction projects despite the tempting additional marketing power it could offer. The industry’s ability to comfortably store all the projected bushels come harvest time will likely have an effect on prices. While this shouldn’t necessarily stop processors and end-users from buying corn, soybeans, wheat, sorghum, barley and oats, this could remove some bearishness for new-crop grain prices. See more of the data and projected storage concerns and solutions.