An Illinois based agronomist is anticipating lower demand numbers in USDA’s supply and demand report this week.
Mike Toohill with AgriSompo North America tells Brownfield he is worried about exports, ethanol and feed usage going down.
“We are down significantly from the last couple of years as far as corn exports to China, and also with the lower feed numbers I am concerned our feed use will be lowered again. We’ve also got some issues on the grind side, some of the ethanol numbers have not looked good the last two or three months.”
He says if that translates to Thursday’s numbers, it will increase carryout.