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Larger MY2014/15 second off-season rice production will likely offset the impact of drought on the first off-season rice crop.
Total production of wheat, barley, oats and corn in 2015/2016 is forecast to increase to 52.8 MMT (million metric tons), a 4 percent increase over 2014/2015 levels of 50.8 MMT.
U.S. ethanol exports rebounded in 2014, with value and volume both up approximately 35 percent from the previous year, although still below the record set in 2011.
After rising for several weeks, rice prices declined to late March levels as supplies of offseason rice continue coming into the market.