U.S. corn stockpiles in the 2011-2012 marketing year will fall to 20.3 million metric tons, the lowest level in 16 years, and prices will rise 9 percent in six months, according to Goldman Sachs.
Corn futures have already declined 11 percent in the last year, and may drop to $5.25 per bushel at the end of 2012. “Corn prices will remain high relative to other crops in coming months in order to secure sufficient acreage gains in the U.S. to help rebuild U.S. inventories,” said New York-based analyst Damien Courvalin.
Soybean futures have dropped 15 percent in the last year and wheat has dropped 26 percent, according to the U.S. Department of Agriculture.
Lower grain prices, increased demand for protein, reduced cattle numbers and slower-than-usual response to positive returns all point toward strong profits
Food Protein Extraction & Separation Short Course 2015
Group says EPA and White House have put best interest of producers, businesses and consumers on hold to accommodate the ethanol lobby
--- Thank you for your patience ----
If you have any issues logging in or any other need feel free to contact us.