date:Jan 03, 2014
have resulted in a 45 percent increase in corn production in the rest of the world since 2005, providing prospects for on-going competition for US corn.
In addition, the era of rapid growth in ethanol production has passed. A small decline in US acreage and a trend yield would result in a US crop near 14.5 billion bushels in 2014, allowing a further build-up of inventories next year. Prices are expected to average in the low- to- mid $4.00 range for the 2013-14 marketing year and in the low $4