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- W1517686172 abstract "Providing direction for planted acreage requires anticipating the level of old crop inventories available for the upcoming marketing year, the magnitude of consumption during the upcoming marketing year, the likely average yield, and the desired level of year-ending stocks. For corn, these factors all currently suggest that fewer acres of corn will likely be needed in the U.S. in 2015. In the October 10 WASDE report, the USDA projected that stocks of old crop corn at the start of the 2015-16 marketing year will be at a 10-year high of 2.081 billion bushels even with record large consumption of 13.655 billion bushels. Based on the pattern of USDA yield forecasts in previous years when the U.S. average yield was well above trend value, as is the case this year, many expect that the final yield estimate this year will exceed the October forecast of 174.2 bushels. If the final 2014 production estimate is larger than the current forecast and consumption is near the current forecast, year-ending stocks may be near 2.2 billion bushels. The large 2014 crop and the build-up in stocks are expected to result in a 2014-15 marketing year average farm price in the lowto mid$3.00 level, well below the cost of production for most producers." @default.
- W1517686172 created "2016-06-24" @default.
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- W1517686172 date "2014-10-13" @default.
- W1517686172 modified "2023-09-22" @default.
- W1517686172 title "How Many Acres of Corn Are Needed in 2015" @default.
- W1517686172 doi "https://doi.org/10.22004/ag.econ.200354" @default.
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