As a result of lower US prices, Ontario corn prices are expected to decrease slightly. However, 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 are estimated to have increased substantially. Exports are forecast to decrease significantly, to China in particular, although low prices and high stocks may increase exports above current expectations.
Domestic crush is forecast to increase due to increased supplies and more favourable margins.
Although exports are forecast to increase, carry-out stocks are expected to rise significantly. Domestic use is expected to rise, due to increased crush. Exports are forecast to decrease slightly due to increased world supplies. Carry-out stocks are expected to increase and Chatham prices are forecast to decrease, mainly due to lower US prices. Excludes exports of oilseed products.