News

USDA Projections Show U.S. Corn Use Is Expected to Grow Through 2026


Newly released USDA agricultural projections through 2016 suggest that demand for U.S. corn will grow steadily over the next decade.

Rising yields will boost production and support the growing demand.

With the exception of a drop in 2017, corn production is expected to increase through the forecast period.

Lower corn prices and increasing corn production suggest that more corn will be used for feed and residual use, helping to fuel rising meat production.

A slight increase in corn-based ethanol production is projected through the 2018/19 marketing year, after which it is expected to decline to levels just below those in 2015.

Falling domestic demand reflects a declining trend in U.S. gasoline consumption due to fuel-efficient vehicles, reduced vehicle usage, infrastructure, and other constraints on growth in the ethanol fuel markets.

The United States is expected to remain the world’s largest corn exporter over the projection period.

Rising incomes, particularly in developing economies, translate to an increasing demand for meat, bolstering the market for U.S. corn as a feed grain.

Source: AgriMarketing

ProAg Quick Links

Agent Toolbox Grower Toolbox Careers

ProAg News

WOTUS, E15 on EPA Agenda

Agriculture interests waiting to hear what's next from EPA on the regulatory front -- including a possible rule to allow year-round E15 -- need wait no longer....

Farm Bill Stalemate, Part 3-Conservation Concerns

The conservation title is traditionally one of the least controversial and partisan of the major, mandatory funding titles in a farm bill debate; that the conservation title is part of the current stalemate adds to the concerns about the 2018 farm bill. ...
Get ProAg updates via email
Your browser is out-of-date!

Update your browser to view this website correctly. Update my browser now

×