WHERE DID ALL THE CORN GOE BEFORE EATHANOL????????? I Rest My Case..........
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Most recent USDA corn production estimate is about 14.8 billion bushels. Will be reduced in upcoming releases with trade forecasts in the 13 to 14 billion bushel range (you pick your number). Hasbeen about 12 billion bushels for the US corn disappearance estimated to be 13.8 billion bushels (also likely reduced). Extra production has been more than used up by the ethanol industry but no room to grow as mandates are being met/fuel consumption is declining. also declining cattle numbers and impact on consumption.
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