Barn Media 5-27-10: Corn Demand | TheFencePost.com

Barn Media 5-27-10: Corn Demand

Brian Allmer

Brian Allmer, Barn Media Podcast Producer

The projected new crop supply of corn – as of the May USDA forecast – shows a 13.37-billion bushel corn crop with a national average yield of 163.5 bushels to the acre. That’s supply – not including what’s leftover from last year – and only half of the story. Demand or consumption is the other half. USDA has projected it at a record pace – lead upward by demand for corn to produce ethanol says University of Illinois Ag Economist Darrel Good.

The projected new crop supply of corn – as of the May USDA forecast – shows a 13.37-billion bushel corn crop with a national average yield of 163.5 bushels to the acre. That’s supply – not including what’s leftover from last year – and only half of the story. Demand or consumption is the other half. USDA has projected it at a record pace – lead upward by demand for corn to produce ethanol says University of Illinois Ag Economist Darrel Good.

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