Jerry Gulke, president of the Gulke Group, says as of Friday’s report, USDA has dropped corn ending stocks nearly 1 billion bushels from their initial estimate during the February 2024 Ag Outlook Forum when the agency projected carryout at 2.532 billion bushels based on trend-line yield.
“This report was more friendly than just about anybody had expected,” said Joe Vaclavik, the founder and president of Standard Grain. "This is a great thing for prices and it’s a great thing for farmers.”
