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Bountiful Corn Production Expected In The 2020/2021 Season

Jun. 11, 2020 5:59 PM ETCORN4 Comments
Winnie Muli profile picture
Winnie Muli


  • Global corn production projected to increase in the 2020/21 season.
  • Major corn-growing countries projected to increase production.
  • Demand projected to recoup in the 2020/2021 season.

Corn production is projected to increase in the 2020/2021 season to approximately 1,186.86 MMT, a 6.47% increase compared to last season’s production figure which was approximately 1,114.75 MMT globally. The increase in production is mainly attributed to an increase in corn acreage in major corn-growing countries. If planting prospective is realized, corn production in the 2020/2021 season will be record-high globally. In this article, I will discuss the increase in production from major corn-growing countries. I will also discuss how demand is projected to recover in the 2020/21 season. Investing in Teucrium Corn Fund (CORN) is a way for investors to track corn futures higher and lower without the need for a futures account.

Projected Production in Major Corn-Growing Countries

In the 2020/21 season, corn production in the U.S is projected to increase to approximately 15,995 million bushels, an increase from last season’s estimate which was approximately 13,663 million bushels. The increase in production is mainly attributed to an increase in corn acreage from the major corn-growing states. In the 2020/21 season, the area planted for corn is projected to increase to 97.0 million acres, while projected harvesting area is projected to stand at approximately 89.6 million acres, thus leading to a higher yield per acre, compared to last season’s planted area which was approximately 89.7 million acres, therefore resulting in a lower output.

Corn planting in some of the key growing states is already underway and is almost two-thirds completed, despite the coronavirus pandemic, most farmers were busy planting corn and soybeans. Favorable weather conditions have also played a role in planting progress. In Iowa 91% of the expected corn crop has already been planted, 3 weeks ahead of last year, and at least 2 weeks ahead of the 5-year average, 82% of the corn planted has emerged. In Illinois 82% has been planted, a higher percentage compared to last year, and

This article was written by

Winnie Muli profile picture
Winnie is a financial planner who specializes in commodities, base metals,REITs and bonds. She has an extreme passion for investment management and is extremely passionate about finance.

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Comments (4)

David/David profile picture
Where is all of this demand increase going to come from? Third World countries will be in the middle of the pandemic with little ability to respond to it. China will buy corn only to the extent it absolutely has to because it will be dealing with pain from failing state industries, particularly the banking system. Russia and Europe both are looking at major economic challenges--to the point that Germans are wondering if even the German economy is going to function well enough to pull the European economic engine from the abyss it's looking at.

So where is all that demand going to come from?
Corona makes automatization possible and necessary, especially in Eastern Europe, Russia and Kazakstan. Production will increase, cost will decrease, competition will grow, political differences between China/USA will grow ans prices will decrease considerably.
Thank You Winnie! JD
4corners profile picture
What are your projections for the effect of surplus production on price Of corn?
Nitrogen fertilizers generally correlate with corn prices. Have you observed or anticipate a rise in
Nitrogen based fertilizers?
How does the trade deal with China impact the corn and soybean markets over the next six months?
Much appreciated,
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