Wet Corn Market Overview in the USA
In value terms, wet corn production stood at $••• in 2017. In general, wet corn production continues to indicate an abrupt contraction. Wet corn production peaked at $••• in 2013; however, from 2014 to 2017, production failed to regain its momentum.
The revenue of the wet corn market in the U.S. amounted to $••• in 2017, going down by -•••% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, wet corn consumption continues to indicate a drastic reduction. The pace of growth appeared the most rapid in 2016 with a decrease of -•••% y-o-y. Wet corn consumption peaked at $••• in 2013; however, from 2014 to 2017, consumption remained at a lower figure.