Glauber: Corn stockpiles could rise substantially next year

If weather is favorable, corn inventories a year from now could approach 2 billion bushels.

Compiled by staff

Published: Oct 24, 2012

It "wouldn't be hard to imagine" US corn inventories at the end of the 2013-14 marketing year being in the
range of 1.8 billion to 1.9 billion bushels if farmers plant a similar amount of acreage to this year and yields return
to the historical trendline, says USDA Chief Economist Joe Glauber.

He says given high corn prices, "people are anticipating acreage to be in the same general area" as this year.

USDA currently forecasts domestic corn ending stocks for the 2012-13 marketing year will be just 619 million bushels; thanks to drought, that's down from the USDA forecast in May for ending stocks of 1.88 billion bushels.

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