date:Nov 26, 2012
ts. Since then, the high prices have caused the rest of the world to expand their production and become more self-sufficient.
US Department of Agriculture statistics bear that out. In the 2007-08 marketing year, the US exported 2.4 billion bushels of corn. The USDA estimates just 1.1 billion bushels of US corn will be exported in the 2012-13 marketing year.
What has happened to US corn exports, and why might the US not claim 50 percent of future world corn markets? There are a few reasons, Abb