Corn supplies to be tight, USDA predicts

2/24/2011

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.