US and global corn stocks projected lower

Record-high farm prices for corn in 2010/11 are expected to ration demand of corn over the coming months, concludes the US Department of Agriculture in its monthly Feed Outlook for February. This months increases in demand is pushing ending stocks lower, where as last month the lower production was the driver.

Corn is still strong, pushing projected US ending stocks to use to their lowest post war levels since 1995/96. The total domestic use of corn increased by 70 million bushels, with most of the increase in corn being used for ethanol. Read more ...

This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine from Perendale Publishers.