Corn Harvest Quality Report 2014/2015

B. U.S. Corn Use and Ending Stocks

  • U.S. corn use for food, seed and other non-ethanol industrial purposes has remained fairly constant since the 2010/2011 marketing year (MY10/11).
  • While the amount of corn used for ethanol production was lower in MY12/13 relative to MY10/11, MY11/12 and MY13/14, the proportion of corn used for ethanol production to overall use has not changed greatly the past four completed marketing years.
  • Direct consumption of corn as a feed ingredient in domestic livestock and poultry rations rebounded in MY13/14 due to ample corn supplies and lower corn prices relative to other feed ingredients.
  • U.S. corn exports during MY13/14 were more than double the previous marketing year, mostly due to record U.S. corn production and lower prices.
  • The 2012 drought resulting in lower production greatly drew down the MY12/13 ending stocks, the lowest in many years. However, the large 2013 crop helped rebuild ending stocks in MY13/14.