The latest crop stocks report from the United States Department of Agriculture shows the US corn harvest is expected to be much bigger than first expected.

The USDA predicts the country will produce about 3.3 million tonnes of corn, which is almost 30 per cent higher than last year's crop.

Senior grains market analyst for Daniels Ag Services in Chicago, John Payne says corn prices have already dropped.

He says it's unlikely that Australian wheat prices will be affected any time soon.

"From a wheat perspective, we've seen actually less acres and the wheat we have, the hard red winter wheat is very short in supply, and that's the wheat that everybody pretty much likes to use," he said.

"That isn't going to be available very much so that's going to keep the Australian hard (wheat) prices high."


Publishing Services International Limited (PSIL) is the publisher and operator of a worldwide network of online news sites dedicated to delivering fair, accurate and relevant reporting from a variety of the world’s most trusted sources – from the biggest cities to the smallest towns.

We deliver positive and powerful messages to our readers, providing up‑to‑the‑second news that matters to the individual.

Our promise is to serve communities and individuals worldwide, delivering information that hasn’t always been available to them. We will give them back a voice – a voice that’s empowering because it is theirs – and provide a platform to communicate between themselves and the world.

We believe people are not just generic demographics; they are individuals with their own preferences and curiosities. We are about understanding these individuals, listening to them, and serving them.

We are the new pioneering spirit of news – we’re not talking to everyone, we’re talking with every one.

If you want your news, your voice, your way, on your time – we’ve got news for you.




If you have any questions or concerns please email us on


  • Australia, Toll Free 1-800-983-421
  • Hong Kong, Toll Free 800-906-187
  • Singapore, Toll Free 800-852-3871
  • USA/Canada, Toll Free 1-800-830-4132

Advertise With Us

Interested in being awesome?
Contact us by email or phone.