Corn Prospects Feature Mixed Outlook Over Next Decade

USDA’s 10-year projections show something of a mixed bag for corn producers beginning with drops in acreage by about seven or eight million acres and declines in production to match.

USDA Analyst David Stallings said, “Ending stocks coming down a little bit in corn over the next 10 years due to growth in feed use, and in exports along with continuing demand for corn in ethanol production. I think that should help to support steady but fairly small increases in nominal corn prices over the next 10 years.”

Stallings said those prices could rise from $3.40 a bushel to $3.70 over that time period.