Wet Corn Market in the United States
In value terms, wet corn production shrank to $ in . Over the period under review, production continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2019 when the production volume increased by %. Over the period under review, production hit record highs at $ in 2013; however, from 2014 to , production failed to regain momentum.
The value of the wet corn market in the United States reduced modestly to $ in , dropping 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, consumption showed a perceptible reduction. The most prominent rate of growth was recorded in 2019 when the market value increased by %. Wet corn consumption peaked at $ in 2013; however, from 2014 to , consumption remained at a lower figure.