Market Update for Corn, Soybeans, Rice and Cotton: September 2023
By Michael Deliberto, Ph.D.
LSU AgCenter
This month’s 2023/24 U.S. corn outlook projects slightly larger supplies and ending stocks. Projected beginning stocks for 2023/24 have been lowered by 5 million bushels mostly due to offsetting trade and corn used for ethanol changes for 2022/23. Corn production for 2023/24 is forecast at 15.1 billion bushels, this a 23-million-bushel increase from last month’s estimates as greater harvested area more than offsets reductions in yield.