Tuesday, November 21, 2017
 
 
News: Page (1) of 1 - 07/12/11 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
USDA: Corn supplies jump, easing shortage worries
Bigger corn supply this fall should ease concerns of a shortage and slow food inflation
By The Associated Press

ST. LOUIS (AP) ' Corn supplies are projected to be higher than expected this fall. A bigger crop would ease concerns of a grain shortage and could slow food inflation later this year.

The U.S. Agriculture Department says 880 million bushels of corn will be left over when the harvest begins. That's an increase from the previous estimate of 730 million acres. Farmers planted the second biggest corn crop this year since World War II.

News of the big corn crop brought down global corn prices 20 percent over the last month. That means food inflation will likely slow in 2012, because it takes about six months for ingredient prices to be passed on from food processors to the grocery aisle.




Page: 1


 
 
 
 
 
 
 
 
 
 
 





Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines