Ontario corn prices are expected to be similar to 1998-99. Prices may be supported by Ontario corn being priced more on an import basis, and by premiums paid by processors for segregated non-GMO corn. However, domestic crush decreased due to low margins. As a result, carry-out stocks increased sharply. Exports are forecast to decrease, but have been raised from earlier projections as low prices and high stocks have improved import demand.
Domestic crush is forecast to increase due to more favourable margins.
Although exports are forecast to increase, carry-out stocks are expected to again rise sharply. Domestic use is expected to rise, while exports are forecast to fall due to increased world supplies. Excludes exports of oilseed products. Statistics Canada, Cereals and Oilseeds Review Series, Cat.