Feed Outlook: February 2012
by Thomas Capehart
and Edward Allen
Outlook No. (FDS-12b) 16 pp, February 2012
U.S. 2011/12 corn exports are increased 50 million bushels this month to 1.7 billion as
lower production prospects in Argentina reduce competition in global markets. U.S.
corn supplies are projected up slightly due to increased imports, but the larger increase in
exports leaves ending stocks down. Global corn trade is up, supported by increased
imports by the EU. World coarse grain production is forecast lower mostly due to a 4.0-
million-ton reduction in projected corn production in Argentina. With world coarse
grain use projected nearly unchanged, global ending stocks decline.
Keywords: Feed grains; corn; sorghum; barley; oats
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