January Market Update for Corn, Soybeans, Rice, and Cotton

By Michael Deliberto, Ph.D.

LSU AgCenter

This month’s 2023/24 U.S. corn outlook is for greater production, larger food, seed, and industrial use (FSI), increased feed and residual use, and higher ending stocks. Corn production is estimated at a record 15.3 billion bushels, up 108 million as an increase in yield to a record 177.3 bushels per acre is partly offset by a 0.6-million acre decline in harvested area.