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USA - Corn demand will exceed supply

In it's monthly World Agricultural Supply and Demand Report, released this week, USDA projects that corn demand in the 2009/2010 marketing year will surpass production by 525 million bushels. For the marketing year that begins Sept. 1, USDA estimates corn usage at 12.3 million bushels. The result will be a significant drop in storage stocks.
11 June 2009
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In it's monthly World Agricultural Supply and Demand Report, released this week, USDA projects that corn demand in the 2009/2010 marketing year will surpass production by 525 million bushels. For the marketing year that begins Sept. 1, USDA estimates corn usage at 12.3 million bushels. The result will be a significant drop in storage stocks.

While the new crop growing season is barely underway, USDA officials predict a 11.9-billion-bushel corn crop, down 155 million from last month's estimate.

http://www.porkmag.com/directories.asp?pgID=675&ed_id=7723

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