International Grains Council
  MAIZE


million tons            
11/1212/1313/1414/15
    estforecast
     27.1122.01
MAIZE
Production 875865991982992
Trade 9899120113114
Consumption 875863947963973
Carryover stocks  130132175195194
year/year change 1243 19
Major exporters a) 3233527169

(22 Jan 2015)
MAIZE (CORN):

  • Incorporating a number of revisions since November, global production is now forecast at an all-time high of 992m t.

  • With world meat and starch demand continuing to expand, total consumption is forecast to rise by 3% y/y.

  • End-season stocks are expected to increase to a 27-year peak. The US carryover is forecast slightly lower than before, but still up by more than 50% y/y.

  • Despite recent firm EU import demand, purchases will be down sharply from last year’s record. Shipments to China will also be smaller.



Supply & Demand Graph



TABLES


Supply & demand: maize


© copyright International Grains Council 2015