Home > News > June USDA WASDE Report Shows Low Corn Supplies Due to High Ethanol Demand

June USDA WASDE Report Shows Low Corn Supplies Due to High Ethanol Demand

Posted June 11, 2021
in Top Ag News

Rising demand from the ethanol and export sectors have caused U.S. corn supplies to fall to an eight-year low. According to the June World Agricultural Supply and Demand Estimates (WASDE) report, new crop corn ending stocks came in at 1.35 billion bushels from May’s 1.5 billion bushel estimate. Experts say soybean supplies were left unchanged, likely due to price hikes in soyoil and soymeal. Drought conditions and a bullish corn market may bode well for successful fall corn harvesters. Get a more in-depth break down from the WASDE report.

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