Corn

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Farside
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Corn

#1 Post by Farside » Mon Jun 10, 2019 4:19 pm

30 million acres not planted in the US. At 165 bushels per acre that's about 5,000 million bushels.
corn.png
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Check out the chart about to get some perspective on that.

Farside
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Re: Corn

#2 Post by Farside » Mon Jun 10, 2019 4:20 pm

Here is a map of China's corn belt:
chinese corn belt.png
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If you're into black swans then I'd be looking into the spring planting conditions over there.

Farside
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Re: Corn

#3 Post by Farside » Mon Jun 10, 2019 4:23 pm

Here is a chart of last year's global corn consumption in millions of bushels:
corn global consumption.png
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Recall that 5,000 million bushels worth were not planted in the US this year.

terracore
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Re: Corn

#4 Post by terracore » Mon Jul 15, 2019 2:59 am

Interesting to see that the EU consumes a fraction of the USA even though their population is nearly double. That reminds me when my Aunt from Europe visited many years ago and couldn't wait to get some fresh corn on the cob. I was puzzled why she couldn't get it in Europe and she explained to me that over there "corn is for livestock, not people".

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Re: Corn

#5 Post by Farside » Mon Aug 19, 2019 1:55 pm

The damage control narrative is beginning to emerge from this year's disaster growing season. We all knew that since ethanol production is the largest consumer of corn in the US that it would be hit first. Well, each year the government decides on how much of the fuel supply can come from ethanol, and how much from oil. It's an attempt to keep these two huge industries in balance.

They just announced significant cuts to the ethanol quotas, and it's being spun as an anti-EPA move by Trump. The articles I've read are using the recent increase in yield expectations by the USDA (and the subsequent crash in commodity price) as "proof" that the corn harvest this year will be a good one, and this is all a move to benefit the oil industry at the expense of the environment.

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