Sunday, May 15, 2011

Corn- The Global Grain

This year, there will be a national increase in the amount of corn planted. Almost 40% of the corn crop was already planted by May 8th last week. In addition, nation and global consumption of corn are expected to increase this year. The USDA predicts that this month, May 2011, global consumption of corn will be 1,125.4 million tons. That is already a 5.4 million ton increase from April. This pie chart shows the global distribution of corn use.
Unsurprisingly, China and the US are the largest consumers. The reality is that the United States is not only the largest consumer of corn, it is also the largest producer. Read one farmer's personal commentary on the increase in corn use here ---> http://www.agriculture.com/markets/analysis/corn/recd-crop-revenues_9-ar13841?print

Sources:
http://usda.mannlib.cornell.edu/usda/current/FDS/FDS-05-13-2011.pdf
http://bigpictureagriculture.com/2010_03_01_archive.html

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