Shipping all US corn sold expected to be difficult
Price may be affected
An economist at the University of Illinois predicted in a recent Agrimoney report that the U.S. will have trouble shipping all of the corn it sells for 2009-10 exports.
Economist Daniel Good said corn sales will meet a U.S. Department of Agriculture projection of 1.95 billion bushels this season, but he’s not sure all of the corn will be shipped before the season ends.
Corn left unshipped would be counted among year-end inventory and could impact price.