The 87.4 million acres of corn harvested in 2012 is 23.5 million acres less than the record 110.9 million acres in 1917. Despite the lower total, 2012 corn production of 10.8 billion bushels was nearly four times the 1917 production of 2.9 billion bushels.
Forecasted 97.38 million acres planted in 2013, up 0.23 percent versus 2012 – highest since 1936.
USDA corn yield forecast for 2013 at 154.4 bushels per acre. Up 25.1 percent compared to 2012. Third highest yield in history. USDA 2013 record production estimate of 13.763 billion bushels, 27.7 percent higher than 2012.
Ability of the agricultural markets to keep pace with the rapid demand to produce ethanol from corn has
largely been accomplished via a continual improvement in the average yield of corn per acre.
The percentage use of corn production used for food and cereals is unchanged since 1987, at around 2% of the total.
Interesting facts. Due to the use of so many chemicals and genetic modifications I'm not sure that corn is a better food product however. I guess if it's mainly used for sugar ( corn syrup) it's not so bad although with our national epidemic of obesity it may not be so good either. Although I have put Norris on ignore, I do agree with some of what he has said about the foolhardiness of using corn for fuel instead of food and feed. Be all that as it may let us hope the SEC winds up its inquiry and the merger goes through. Next distribution announcement should be a week from this Monday and hopefully it will reassure some folks. GLL
The researchers, affiliated with the Committee for Independent Research and Information on Genetic Engineering (an independent, nonprofit association dedicated to studying the impacts of genetically modified organisms), published their detailed critique of the Monsanto studies in the International Journal of Biological Sciences (2009; 5:706-726). They concluded that the data — which Monsanto claimed proved the corn varieties were safe to eat — actually suggest potential kidney and liver problems resulting from consumption of all three modified corn varieties, as well as negative effects in the heart, adrenal glands, and spleen. The findings confirm a 2007 report from the same researchers on a single variety of modified corn.
If you noticed the last bit of information from the California study, only 2% of the corn crop is used, and has been used for food. Another 3% is used for corn syrup. The increased production went almost entirely for ethanol without any effect on the amount available for human consumption.
What did go down was corn exports, but the slack was easily (and gladly) taken up by Brazil, Argentina and the Ukraine. With the probable record harvest this year, the US exports will surge again. Some of the recent decline in corn exports has been offset by larger exports of corn in processed form (ethanol, distillers grains, livestock), but that increase is captured in the other categories of corn use. The recent decline in exports of U.S. corn is likely associated with high corn prices that have stimulated production in the rest of the world and also allowed other exporters to sell at prices below the cost of U.S. corn. Foreign corn production increased from about 16 billion bushels in 2004-05 to 23 billion bushels in 2012-13 (an increase of 44 percent) and helped to raise the incomes for many small to intermediate sized farms in these countries.
Feed and residual use of U.S. corn has gradually declined since 2007-08. From a peak of over 6.1 billion bushels in 2004-05 and 2005-06, consumption declined to just over 4.5 billion bushels in 2011-12. The primary reason for the decline was the rapid substitution of distillers grain (a co-product of ethanol production) for whole corn in livestock feed rations. The number of livestock being fed in the U.S., as measured by the USDA's estimate of grain consuming animal units, has been relatively constant since 2004-05. The USDA projects little change in those numbers for 2013-14. The domestic market for meat and livestock products is mature. Slow population growth and stable per capita meat consumption suggests that feed consumption will also stabilize.
rlp"d wallowing in ignorance.
Spot prices for corn at about $6.50 remain triple the long term average before the RFS corruption.
In fact the price of food always decline in real terms before the RFS corruption. Regardless of the price of oil which is a small portion on the total cost of production.
But I have no doubt the price of corn with crash in the not to distant future just like this primitive Global Warming religion and simple minded political corruption did to sugar. Irrational process may fell good at first but American farmers should look at Brazil to see what is coming their way.
Simple physics that the blend wall can not be pushed passed 10% with destroying our cars in additional to every small engine in America.
Our corn farmers can not compete with sugar ethanol. Let alone the cost of production of corn in Latin America. So this ethanol corruption is only insuring American farmers will be the high cost producers which are driven off first by world competition.
For a grossly inferior and dirty product. Actually a defective product when it comes to our cars durability and mpg efficiency.
Nothing good here except perhaps for the ethanol pimps.
Board members...spot prices for corn (cash across the scales) at time is time is $5.96 a bu. (not $6.50 a bu.) and September corn is $4.95...we need to keep the facts straight...if the monkey talker cannot get the prices correct, how can he get anything else right. (???)...fact is, Brazil is having a poor sugar cane crop this year...! $tagg...!