date:Dec 02, 2013
culture Department to leading think tanks, experts foresee lower corn prices, in the mid-$4 range, for the rest of this decade - dramatically lower than the record $6.89 a bushel set by the drought-shortened 2012 crop.
The outlook assumes continued normal yields leading to bumper crops and ample, even burdensome, supplies.
The EPA, in its annual rule making, has proposed a target of 15.21 billion gallons of biofuels use in 2014. A final decision will be made in the coming weeks.
Corn-based et