Corn Harvest Quality Report 2018/2019

B. U.S. Corn Use and Ending Stocks

  • U.S. corn use for food, seed and other non-ethanol industrial purposes has remained consistent over the past four completed marketing years.
  • While domestic consumption of gasoline has stalled during since marketing year (MY)14/15, increasing ethanol exports has led to slight annual increases in the amount of corn used for ethanol production during this period.
  • Direct consumption of corn as a feed ingredient in domestic livestock and poultry rations has remained strong, due to ample corn supplies and competitive corn prices relative to other feed ingredients.
  • Strong export demand and relatively large crops have led to slight annual increases in U.S. corn exports since MY14/15.
  • Ending stocks peaked following the record 2016 crop and decreased only slightly following a 2017 crop that was still the second largest on record.