date:Dec 13, 2012
that the surge in corn prices has had the intended effect. Corn exports are down sharply and ethanol production has slowed down considerably compared to a year ago.
The following chart shows the progress in US corn shipments this year compared to both year ago levels and the trend projected by USDA in its November update. Weekly corn exports slowed down considerably in October and November. In the last 8 reported weeks, weekly corn exports have averaged about 13.5 million bushels per week, com