Speaking at the 2009 Grain Forecast – Economic Outlook Conference, sponsored by U.S. Poultry & Egg Association’s Poultry & Egg Institute, economist Dr. Donald Ratajczak said the recent run-up in the U.S. stock market is real and should continue at least through 2010.
“There are some concerns, but I believe the current bull market that began in March is solid and will last a couple of years,” Ratajczak said.
Steve Freed of ADM Investor Services presented saying, “The U.S. needs to bump up corn production in the long run. The biggest factor in corn supply recently has been ethanol. And the trend in corn used for ethanol is clearly higher.”