USDA 2021/22 Initial Balance Sheet Estimates
The USDA’s first pass at 2021/22 US corn supply & demand presents year that requires acreage expansion and record yield to maintain adequate stocks! Assuming normal weather, US production rises 970 Mil Bu year-over-year to a record 15,150 Mil Bu. Yet, US 2021/22 corn stocks rise 50 Mil Bu to a tight 1,550 Mil Bu.…