Corn Outlook Update Following USDA’s June WASDE Report

Purdue ag economists James Mintert and Nathanael Thompson discussed the updated corn outlook following USDA’s June World Ag Supply and Demand Estimates (WASDE) report on the latest Purdue Commercial AgCast video podcast. The latest corn crop condition ratings were discussed along with implications for 2023 U.S. corn yield, production and carryover stocks. Corn export prospects were also featured with a comparison to South American and Black Sea region exports. The discussion concluded with an overview of corn basis and basis forecasts using the recently revamped Purdue Crop Basis Tool.

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