US corn reserves expected to fall to 15-year low

That was the primary objective so they have been successful.

 

Hmm....gasoline @ ~ $3.50-4.00 a gallon and ethanol producers are demanding more.....while consumers are certainly demanding less? Am I missing something? Is this saying that gasoline producers are boosting the content of ethanol in their product because it is cheaper than oil?

And to be honest, our family does everything it can to MINIMIZE corn consumption- as prolific as it is.

 

Is this corn that would otherwise be used for cattle feed, not human consumption?

 

now is the corn "shortage" due to our exports to other countries?

if so, then how much do oil producing nations "donate" to other "needy" countries? and by what definition do we define needy?

or is it that corn in food mode, is not the same as oil for transportation because somehow food is more important?

now why should we not be considered needy? we cant pay for oil and pay our government workers at the same time now can we?

so, maybe we should investigate moving more of our money to people inside the US instead of foreign countries, so maybe they could buy something that creates jobs for Americans who would then buy something that requires a tax to be paid...

 

Yes, but since it is grown on the same land as people (sweet) corn would be and takes about the same resources to grow as sweet corn it doesn't matter which variety it is. It's land and resources taken up to not grow people food.

 

Yep, i read the article and, what can I say - I found it rather 'corny".

On a more serious note, yes the corn reserves going to a 15-year low is a concern. I expect to find higher food prices due to the U.S. ethanol industry using more food based corn to produce ethanol.

Also, the ethanol producers in the U.S. have a high import tariff on foreign ethanol imports. Seems to me that a country like Brazil would love to ship the sugar cane produced ethanol to the U.S. But the U.S. ethanol industry does not take that too kindly. So much for free market enterprise.

A smarter move for the ethanol industry is to look into algae and/or switch grass methods to produce their product. Leave the food based corn alone.

DBCassidy

 

We are all being cornholed by ADM and their ilk.

 

This discussion about the reduction of excess corn due to ethanol use is a bit strange. Do we actually only produce slightly more than we need or do we produce nearly five times more corn than we as Americans actually consume?

 

There is that mandate as well as a subsidy to mixers. It costs us all. The politics mean we all must pay extra to ADM. The massive farm and energy bills have many awful distortions of the market.

Algae will more directly produce sythetic oil for diesel. It can be cracked but that is more expensive. Cellulosic ethanol has some process problems but they are the way to being solved.

+1

The US is a large corn exporter, but the domestic use for ethanol has reduced the surplus to export. The majority of corn grown is used as livestock feed. Both the world population and the amount of meat consumed per capita worldwide is increasing. This puts pressure on corn prices.

 

Corn subsidies are huge here in Texas, followed by cotton, I believe.

 

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