Tuesday, May 17, 2011

Who Else Exports Corn?

An expected small increase in feed grains used for ethanol is more than offset by expected declines in feed use and U.S. exports. Record high corn prices and plentiful supplies of distillers’ grains are expected to encourage feeders to reduce feed grain use. Declining world corn trade and increased exports from Argentina, Russia, and Ukraine will likely temper U.S. exports. Global coarse grain production in 2011/12 is projected slightly higher than use, allowing a small increase in world stocks. source

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