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May WASDE includes an initial U.S. crop assessment
The May World Ag Supply and Demand Estimates report includes USDA’s first assessment of domestic and international supply and demand prospects. The 2024-2025 U.S. corn outlook calls for larger supplies, greater domestic use and exports, and higher ending stocks. The corn crop is projected at 14.9 billion bushels, down three percent from last year. The yield projection is 181 bushels per acre. Total corn supplies are forecast at 16.9 billion bushels. The season-average farm price is down 25...