date:Nov 26, 2012
Foreign nations that previously relied on the US for corn are growing more of their own or buying from other producing countries, said Philip Abbott. He predicted the trend will continue even if market conditions improve and US corn production increases.
The US has historically been a very important part of the international corn market, Abbott said. Prior to the 2007-08 food crisis and spike in commodity prices, the US exported well over half the amount of corn that entered international marke