USDA projects record corn harvest in 2010
The U.S. Department of Agriculture has forecast an all-time record 13.4 billion bushels of corn for the 2010 season. That’s up 260 million bushels from the 2009 season. Corn supplies are also projected a record levels, 15.1 billion bushels, 325 million higher than a year ago.
The year-end surplus is seen at 1.8 billion bushels and corn use for ethanol for the marketing year Sept. 1-Aug. 31, is expected to be 4.6 billion bushels, which equates to 12.85 billion gallons of ethanol and more than 35 million tons of livestock feed products.