USDA's December corn projections surprise AFBF economist

12/13/2010 | Hoosier Ag Today (Clermont, Ind.)

The American Farm Bureau Federation is surprised that the Department of Agriculture did not make deeper cuts in its December estimates for next year's corn supply, according to John Anderson, an economist for the federation. The recent surge in ethanol production should have led to a lower carryover level or a bigger demand projection for corn in some industries, Anderson said. Despite the USDA's report, corn prices are expected to remain high, he added.

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Hoosier Ag Today (Clermont, Ind.)

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