Ending Stocks vs. Stocks/Usage Ratio 1981-2011
from the Hightower Report
The tightness of corn supplies is likely to heighten the backlash against the use of the grain by ethanol plants, which are for the first time in 2011-12 set to consume more of the crop in the US than livestock farmers. ... Tom Elam of FarmEcon added that the picture on feed supplies appeared even more distorted by ethanol when considering a dash by farmers to corn from the likes of barley, oats and sorghum. "Corn acres have grown at the expense of the other three feedgrains," Dr Elam said, with production of the three grains more than halving between 1990 and 2010. The US oats harvest shrank by nearly three-quarters. ...to read more, go to Agrimoney...