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Linn Energy, LLC (LINE) Message Board

  • norrishappy norrishappy Mar 26, 2013 3:58 PM Flag

    US Risks Losing Status As World’s Top Exporter Of Corn Due To The Ethanol Mandate Moran Zhang | February 08 2013 6:39 AM

    Very well done.

    The United States, the world's longstanding top corn exporter, is slipping. And fast.

    Commanding 60 percent of the global market five years ago, the U.S. now sells less than 30 percent of the corn on the international market. Exports by major competitors have gained increasing shares of the world market since the mid-2000s.

    Relatively strong corn prices have sparked more production in competitor countries. Twelve years ago, Argentina was the only other major corn exporter, but now Brazil, Ukraine and India have joined the race.

    In contrast to the slow pace of U.S. corn exports, Brazil has been exporting at a record pace, approaching 4 million tons per month in the final months of 2012. While Brazil’s corn exports will slow as its soybean harvest and exports ramp up, corn exports are likely to pick up again after June 2013 as second-crop corn gets harvested.

    Meanwhile, Argentina’s corn exports are expected to increase, with the corn harvest starting in March.

    Forecasting a harvest of at least 26 million tons, Argentina’s Agriculture Secretary Lorenzo Basso told Reuters last month the country will approve at least 3 million tons more in 2012-13 corn exports.

    The government in Argentina - the world's No. 3 corn exporter - controls wheat and corn exports through a quota system designed to guarantee ample and affordable local food supplies.

    Meanwhile, Black Sea (mostly Ukrainian) corn has been competitively priced, making its way to traditional U.S. markets such as South Korea and Japan.

    Exactly what Sugar Ethanol corruption ended up doing to the Brazilian sugar industry. Just as American farmers are plowing extremely high cost run off buffer grasslands to chase Obama's irrational prices. They now have very efficient competition on corn and sugar ethanol corn can never hope to match on price.

    LINEs natural gas allowed to complete as superior lower cost methanol and our farmers again being able to produce the worlds best meats is the solution.

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