Feed Outlook, February 2018 (summary)
Corn Exports Surge
Projected U.S. corn exports are raised 125 million bushels to 2.05 billion based on improved prospects for U.S. shipments due to competitive pricing and lower production in some major exporting countries. The higher use reduces stocks by the same amount, but stocks are still at historically high levels. The corn price is projected $0.05 higher this month at $3.30 per bushel based on marketings to date.