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Dr. William I. Tierney, Jr.   E-mail: wtierney@agecon.ksu.edu
Copyright 1998. All rights reserved by author.
Disclaimer: This web page is designed to aid farmers with their marketing and risk management decisions. The risk of loss in trading futures, options, forward contracts, and hedge-to-arrive can be substantial and no warranty is given or implied by the author or any other party. Each farmer must consider whether such marketing strategies are appropriate for his or her situation. This web page does not represent the views of Kansas State University.

 

US Corn Supply and Demand Table (million bushels)
Current:  October 12, 1998

The table contains a running 25 year history corn supply and demand information, and corresponding farm prices. This table is displayed in two parts for easier viewing and printing. Part 2 (1986/87-98/99) is directly below Part 1 (1973/74-85/86).

Part 1 (1973/74-85/86)

Marketing Year # 73/74 74/75 75/76 76/77 77/78 78/79 79/80 80/81 81/82 82/83 83/84 84/85 85/86
                           
Planted Acres 72.3 77.9 78.7 84.6 84.3 81.7 81.4 84.0 84.1 81.9 60.2 80.5 83.3
Harvested Acres 62.1 65.4 67.6 71.5 71.6 71.9 72.4 73.0 74.5 72.7 51.5 71.9 75.2
Yield 91.3 71.9 86.4 88.0 90.8 101.0 109.5 91.0 108.9 113.2 81.1 106.7 118.0
                           
Production 5,671 4,701 5,841 6,289 6,505 7,268 7,928 6,639 8,119 8,235 4,174 7,672 8,875
Stocks 708 484 558 633 1,136 1,436 1,710 2,035 1,392 2,537 3,523 1,006 1,648
Imports 1 2 2 2 2 1 1 1 1 1 2 2 10
TOTAL SUPPLY 6,380 5,187 6,401 6,924 7,643 8,705 9,639 8,675 9,512 10,773 7,699 8,680 10,533
                           
Seed 18 19 20 20 20 20 20 20 19 15 19 21 20
Food, Alcohol &                          
Industrial 454 478 501 522 561 588 620 639 714 840 911 1,046 1,133
Feed & Residual 4,181 3,180 3,582 3,602 3,730 4,274 4,563 4,232 4,245 4,573 3,876 4,115 4,114
ALL DOM. USE 4,653 3,677 4,103 4,144 4,311 4,882 5,203 4,891 4,978 5,428 4,806 5,182 5,267
                           
EXPORTS 1,243 1,149 1,664 1,645 1,896 2,113 2,402 2,391 1,997 1,821 1,886 1,850 1,227
                           
TOTAL USAGE 5,896 4,826 5,767 5,789 6,207 6,995 7,605 7,282 6,975 7,249 6,692 7,032 6,494
                           
ENDING STOCKS 484 361 634 1,135 1,436 1,710 2,034 1,393 2,537 3,524 1,007 1,648 4,039
Free 473 358 602 992 740 866 988 801 539 362 313 377 193
Reserve 0 0 0 0 212 585 670 0 1,276 1,890 447 389 711
CCC 4 3 0 0 4 101 260 242 280 1,143 202 225 546
Loan 7 0 32 143 480 158 116 350 442 129 45 657 2,589
                           
STOCK/USE (%) 8% 7% 11% 20% 23% 24% 27% 19% 36% 49% 15% 23% 62%
                           
Avg Farm Price ($/Bu) $2.55 $3.02 $2.54 $2.15 $2.05 $2.25 $2.48 $3.12 $2.47 $2.55 $3.21 $2.63 $2.23
Target Price $1.64 $1.38 $1.38 $1.57 $2.00 $2.10 $2.20 $2.05 $2.40 $2.70 $2.86 $3.03 $3.03
Loan Rate $1.05 $1.10 $1.10 $1.50 $2.00 $2.00 $2.10 $2.25 $2.40 $2.55 $2.65 $2.55 $2.55
Cash/Loan Rate (%) 243% 275% 231% 143% 103% 113% 118% 139% 103% 100% 121% 103% 87%

# 73/74 and 74/75: Oct/Sep year, 75/76 till present: Sep/Aug year.

Part 2 (1986/87-98/99)
Back to Part 1 (1973/74-85/86)

Year

 86/87 87/88 88/89 89/90 90/91 91/92 92/93 93/94 94/95 95/96 96/97 97/98 98/99
                           
Planted Acres 76.6 66.2 67.7 72.3 74.2 76.0 79.3 73.2 79.2 71.2 79.5 80.2 80.8
Harvested Acres 68.9 59.5 58.3 64.8 67.0 68.8 72.1 62.9 72.9 65.0 73.1 73.7 73.8
Yield 119.4 119.8 84.6 116.3 118.5 108.6 131.5 100.7 138.6 113.5 127.1 127.0 132.0
                           
Production 8,226 7,131 4,929 7,532 7,934 7,475 9,477 6,336 10,103 7,374 9,293 9,366 9,743
Stocks 4,040 4,882 4,259 1,930 1,344 1,521 1,100 2,113 850 1,558 426 883 1,308
Imports 2 3 3 2 3 20 7 21 10 16 13 10 10
TOTAL SUPPLY 12,268 12,016 9,191 9,464 9,281 9,016 10,584 8,470 10,962 8,948 9,732 10,259 11,061
                           
Seed 17 17 18 19 19 20 19 21 20 21 22 22 22
Food, Alcohol &                          
Industrial 1,207 1,226 1,275 1,337 1,354 1,434 1,492 1,567 1,684 1,591 1,670 1,760 1,828
Feed & Residual 4,669 4,798 3,941 4,389 4,663 4,878 5,301 4,704 5,523 4,682 5,362 5,654 5,850
ALL DOM. USE 5,893 6,041 5,234 5,745 6,036 6,332 6,812 6,292 7,227 6,294 7,054 7,436 7,700
                           
EXPORTS 1,492 1,716 2,026 2,368 1,725 1,584 1,663 1,328 2,177 2,228 1,795 1,515 1,650
                           
TOTAL USAGE 7,385 7,757 7,260 8,113 7,761 7,916 8,475 7,620 9,405 8,522 8,849 8,951 9,350
                           
ENDING STOCKS 4,883 4,259 1,931 1,351 1,520 1,100 2,109 850 1,557 426 883 1,308 1,711
Free -160 1,369 508 619 937 791 1,347 609 1,089 363 704 998 1,386
Reserve 1,498 1,127 724 387 3 0 13 119 78 0 0 0 0
CCC 1,443 835 362 233 371 113 56 45 42 30 0 0 0
Loan 2,102 928 337 112 209 196 693 77 348 33 179 310 325
                           
STOCK/USE (%) 66% 55% 27% 17% 20% 14% 25% 11% 17% 5% 10% 15% 18%
                           
Avg Farm Price ($/Bu) $1.50 $1.94 $2.54 $2.36 $2.28 $2.37 $2.07 $2.50 $2.26 $3.24 $2.71 $2.45 $2.00
Target Price $3.03 $3.03 $2.93 $2.84 $2.75 $2.75 $2.75 $2.75 $2.75 $2.75 $2.75 $2.75 $2.75
Loan Rate $1.92 $1.82 $1.77 $1.65 $1.57 $1.62 $1.72 $1.72 $1.89 $1.89 $1.89 $1.89 $1.89
Cash/Loan Rate (%) 78% 107% 144% 143% 145% 146% 120% 145% 120% 171% 143% 130% 106%

# 73/74 and 74/75: Oct/Sep year, 75/76 till present: Sep/Aug year.

Last Updated on 3/10/99
By Agricultural Economics

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