Page 13 - Demo

January 2025 %u2022 The Midwest Cattleman %u2022 Page 13West Central Missouri%u2019s Premier Simmental Genetics4th Annual SaleTravis Smith 660.885.1311twinridgebulls@gmail.comFollow Us on Facebookfor More Sale InformationTwin Ridge Farms539 NW 200 RDClinton, MO 64735Auction LocationSimmental & SimAngus Bulls & Elite FemalesFeb. 22 * 1:00 p.m.Twin Ridge FarmsCORN:This month%u2019s 2024/25 U.S. corn outlook is for greater corn used for ethanol, larger exports, and lower ending stocks. Corn used to produce ethanol is raised 50 million bushels to 5.5 billion, based on the most recent data from the Grain Crushings and Co-Products Production report and weekly ethanol production data as reported by the Energy Information Administration for the month of November. These data imply corn used for ethanol during the September to November quarter was the highest since 2017. Corn exports are raised 150 million bushels to 2.5 billion reflecting the pace of sales and shipments to date. With no other use changes, corn ending stocks are reduced 200 million bushels to 1.7 billion. The season-average corn price received by producers is unchanged at $4.10 per bushel.Global coarse grain production for 2024/25 is forecast 0.6 million tons lower to 1.499 billion. The 2024/25 foreign coarse grain outlook is for lower production, trade, and ending stocks relative to last month. Foreign corn production is cut with declines for the EU, Mexico, and Indonesia partially offset by an increase for Ukraine. EU corn production is down reflecting reductions for Italy, Romania, Croatia, and Austria that are partially offset by increases for Poland, Spain, and France. Mexico corn production is reduced reflecting lower winter corn area expectations. Foreign barley production is slightly higher with increases for Canada and Ukraine partially offset by reductions for Australia and the EU.Corn exports for 2024/25 are raised for the United States and Canada but lowered for the EU. Corn imports are higher for Bangladesh, the EU, Iran, and Mexico but cut for China. Foreign corn ending stocks are reduced based on declines for China, the EU, and Indonesia. Global corn stocks, at 296.4 million tons, are down 7.7 million.WHEAT:This month%u2019s 2024/25 U.S. wheat outlook is for slightly larger supplies, unchanged domestic use, increased exports, and lower ending stocks. Imports are raised 5 million bushels to 125 million on a strong pace for Hard Red Spring. Exports are raised 25 million bushels to 850 million. White wheat exports are increased 15 million bushels to 210 million, on stronger-than-expected sales and shipments to East Asian markets. Exports for Soft Red Winter and Hard Red Spring are both raised 5 million bushels. Projected wheat ending stocks are reduced by 20 million bushels to 795 million, still up 14 percent from last year. The season-average farm price is unchanged at $5.60 per bushel. Orignal source from December 10, 2024: https://www.usda.gov/oce/commodity/wasde/wasde1224v2.pdf DPhoto: Adobestock.comPhoto: Adobestock.com