Corn

With corn prices edging upwards, concerns over supply

With strong near-term demand, supply concerns abound

December 3, 2012
KEYWORDS corn
/ Print / Reprints /
ShareMore
/ Text Size+

BreakingNews

According to the College of Agricultural, Consumer and Environmental Services at the University of Illinois, corn prices have risen slightly over the past two weeks after a two-month period of flat growth. Accompanying that trend are both optimism over near-term demand and some supply concerns, according to University of Illinois agricultural economist Darrel Good.

“There are two concerns about potential supply of corn in 2013,” said Good. “First, the ongoing wet weather in Argentina may reduce the magnitude of planted area of corn relative to intentions.” Second, Good continues, is concern over the upcoming US crop in the face of continuing widespread drought. “The latest US drought monitor map shows exceptional drought conditions in large portions of the Plains states and severe to extreme drought conditions extending to the Mississippi River and in northern Illinois and southern Wisconsin.” The pace of US corn exports remains slow, and the USDA has projected a 10 percent decline in corn used for ethanol production over last year according to Good.

USDA’s Dec. 1 stocks estimate and 2012 final production estimate, to be released on Jan. 11, will add clarity to corn market fundamentals, but current conditions suggest a strong market until that time.

Did you enjoy this article? Click here to subscribe to Food Engineering Magazine.

Recent Articles by Shane O'Halloran

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

Fabulous Food Plant: Paramount Citrus

Learn more about this fabulous food plant in Food Engineering's article, found here.

Podcasts

Burns & McDonnell project manager RJ Hope and senior project engineer Justin Hamilton discuss the distinctions between Food Safety and Food Defense as well as the implications for food manufacturers of the Food Safety Modernization Act.
More Podcasts

What was your favorite part of FA&M 2014?

View Results Poll Archive

THE MAGAZINE

Food Engineering Magazine

Food engineering magazine 2014 april cover

2014 April

Catch a preview of the Powder and Bulk Show in this April 2014 edition of Food Engineering. Also, be sure to check out a coffee stick making a real stir and a major advancement in the the pet food industry.
Table Of Contents Subscribe

THE FOOD ENGINEERING STORE

Food-Authentication-Flyer-(.gif
Food Authentication Using Bioorganic Molecules

This text provides critical tools and data needed to augment routine food analysis and enhance food safety by aiding in the detection of counterfeit, and potentially deleterious, foods.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Food Master

Food Master Cover 2014Food Master 2014 is now available!

 

Where the buying process begins in the food and beverage manufacturing market. 

Visit www.foodmaster.com to learn more.

STAY CONNECTED

FE recent tweets

facebook_40.pngtwitter_40px.pngyoutube_40px.pnglinkedin_40px.png