Impact of Midwestern Drought on Corn Supplies

USDA Chief Economist, Joe Glauber explains the impact of dry weather conditions on U.S. corn stocks.

“The drought reduced production by 4 billion bushels. No question that has rationed demand and we have seen really tight stock situations. Hopefully we will see the same level of plantings next year and a return to tend yields.”

Tight corn supplies should mean continued high prices into the 2013 crop year, but those same high prices will continue to be difficult on the livestock sector.

For more on Global Corn stocks, click here. is dedicated to serving the agricultural industry in the Carolinas and Virginia with the latest ag news, exclusive regional weather station readings, and key crop market information. The website is a companion of the Southern Farm Network, provider of daily agricultural radio programming to the Carolinas since 1974. presents radio programs, interviews and news relevant to crop and livestock production and research throughout the mid-Atlantic agricultural community.