StoneX forecasts a small increase in the first 2024-25 corn crop output, rising by 0.9% to 24.8 million tons. Considering the first and the second 2024-25 crops and repeating the number of the third 2023-24 crop, the total amount of corn produced increased from 128.3 to 128.6 million tons. Exports increased from 38.5 to 39 million tons at the end of January, marking the end of the 2023–2024 harvest year. With ending stocks predicted at 15.95 million tons for the 2024-2025 cycle, the numbers still indicate a favorable scenario for corn supply and demand balance
Source: Forbes Agro (*Translated by Ia Niani)