Saturday, Oct 01, 2016
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Corn supplies to be tight, USDA predicts

Corn supplies will remain tight in the United States, the world’s largest grower and exporter, even after an increase in planting boosts production to a record, the U.S. Department of Agriculture said Thursday.

Farmers will harvest a record 13.73 billion bushels of corn, up from 12.447 billion last year, with 5 billion bushels devoted to ethanol, compared with 4.95 billion for the 2010 crop, USDA economist Joe Glauber said.

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