2025 Corn Market Plan 3/16/25
- Wright team
- Mar 16
- 4 min read
World corn supplies are smaller compared to usage than they have been for at least 8 years and significantly tighter than they were in 2022 when July corn traded to $8.24 on 29 April 2022 and December corn traded to $7.66 on 16 May 2022.
The U.S. corn carryover in April of 2022 was projected by USDA to be 35 days’ worth of use. The world carryover that month was projected to be a 93 day supply.
When the 2022-23 marketing year numbers were all settled two years later, the U.S carryout was a 36 day supply and the world corn carryout was a 95 day supply.
The war in the “Breadbasket of the World” began in February of 2022, which was primarily responsible for boosting wheat futures from $8 to $13 and that certainly helped to rally corn prices by perhaps $1.
Today, the U.S. corn carryover is projected by USDA to be a 37 day supply (35 days in 2022) and the world carryover is projected to be a supply that will last 85 days (93 days in 2022) into the new marketing year.
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