Corn Futures Were The Star Of The Grain Complex In 2006

Corn futures were the star of the grain complex in 2006, as strong demand tied to increased Ethanol production and increased feed demand from Asia spurred the bull market. It is estimated that US demand for Corn in the 2007-08 season could exceed domestic production and further tighten already low stocks to usage levels. Much of the increased demand is directly tied to Ethanol. High Corn prices have increased the amount of estimated acres that will go to US Corn production, with some estimates looking for nearly 85 million acres of Corn to be planted in the spring. Read More....