USDA Corn Supply-Demand Outlook - April 2018



                            U.S. Corn Supply and Use
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                               2015/16  2016/17 Est. 2017/18 Proj. 2017/18 Proj.
Item                                                           Mar           Apr
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                                                 Million Acres
CORN
Area Planted                      88.0          94.0          90.2          90.2
Area Harvested                    80.8          86.7          82.7          82.7
                                                  Bushels
Yield per Harvested Acre         168.4         174.6         176.6         176.6
                                                Million Bushels
Beginning Stocks                  1731          1737          2293          2293
Production                       13602         15148         14604         14604
Imports                             68            57            50            50
  Supply, Total                  15401         16942         16947         16947
Feed and Residual                 5114          5472          5550          5500
Food,Seed& Industrial 2/          6648          6883          7045          7040
Ethanol & by-products 3/          5224          5432          5575          5575
  Domestic, Total                11763         12356         12595         12540
Exports                           1901          2293          2225          2225
  Use, Total                     13664         14649         14820         14765
Ending Stocks                     1737          2293          2127          2182
Avg.FarmPrice ($/bu)  4/          3.61          3.36     3.15-3.55     3.20-3.50
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