8/12/16 WASDE corn balance sheet

US Corn Balance Sheet
Supply
Production Inputs 2014/15 2015/16 Est. 2016/17 July Proj. 2016/17 Aug. Proj.
Area Planted (mln acres)               90.60             88.00                       94.10                        94.10
Area Harvested (mln acres)                83.10             80.70                       86.60                        86.60
Yield Per Harvested Acre              171.00            168.40                     168.00                       175.10
Supply Inputs (mln bu) 2014/15 2015/16 Est. 2016/17 July Proj 2016/17 Aug. Proj
Beginning Stocks                1,232              1,731                       1,701                        1,706
Production              14,216            13,601                     14,540                       15,153
Imports                    32                  60                           40                             50
  Supply, Total              15,479            15,392                     16,281                      16,909
Total Supply     15,479    15,392         16,281          16,909
Demand
Demand Inputs (mln bu) 2014/2015 2015/16 Est. 2016/17 July Proj 2016/17 Aug. Proj
Feed & Residual               5,323             5,250                      5,500                        5,675
Food, Seed & Ind               6,560              6,610                      6,650                        6,650
  Ethanol & by-products               5,200             5,250                      5,275                        5,275
   Domestic, Total              11,883            11,860                     12,150                      12,325
Exports                1,864              1,825                      2,050                        2,175
  Usage, Total              13,748            13,685                     14,200                      14,500
Total Demand     13,748    13,685         14,200          14,500
Ending Stocks       1,731     1,707           2,081           2,409
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