The latest USDA World Agriculture Supply and Demand Estimates (WASDE) report released Oct. 11 is still predicting a record corn crop, with expected yields up 0.16 metric tons per hectare (2.5 bushels per acre) to a total of 10.9 tons per hectare (174.2 bushels per acre).

U.S. Grains Council Manager of Global Trade Manuel Sanchez discussed the outcomes of the report in a recent audio interview with the National Association of Farm Broadcasting (NAFB).

“The curveball was in planted acres and harvested acres,” he said. “There was a reduction in both, which compensated for the yield increase. The ending stocks in this report compared to the September report only increased by about 2 million tons (80 million bushels), which wasn’t sufficient enough to impact price.”

The Council is working around the globe to promote what is expected to be an abundant U.S. corn crop to global customers. One example of this is the upcoming Export Exchange, scheduled for Oct. 20 to 22 in Seattle, Washington, which will bring together overseas buyers from more than 30 countries with domestic traders.

“Export Exchange is a platform where we bring customers from around the globe to the United States to introduce them to U.S. suppliers so they can make connections and receive updated information on U.S. supply and quality,” Sanchez said.

Press play below to hear more from Manuel on the most recent WASDE report.