Posted on 12/11/2006 8:28:31 AM PST by Flavius
WASHINGTON (AP) -- Farmers are getting the best price for corn in more than a decade amid strong demand for ethanol and feed, the Agriculture Department reported Monday.
Average corn prices for the year were forecast at $2.90 to $3.30 a bushel, up 10 cents from last month's estimate, according to the monthly crop report.
he last time prices were as good was 1995, when the average was $3.25 a bushel. This year is the fifth time corn prices have risen above $3 a bushel. Last year's average was $2 a bushel.
The production forecast was unchanged at 10.7 billion bushels of corn, down from last year's 11.1 billion bushels. The nation's ethanol fuel plants are expected to use about 20 percent of the corn crop, and exports should consume roughly the same share.
Analysts also left the forecast unchanged for soybean production, predicting 3.2 billion bushels, up from about 3 billion bushels last year.
The price forecast for soybeans rose to $5.70 to $6.50 a bushel, up from last month's estimate of $5.40 to $6.40 a bushel. Last year's price was $5.66 a bushel. Roughly 35 percent of the crop is expected to be exported to foreign markets.
Export demand has softened, however, for beef and poultry, the department said. Analysts lowered the export forecast for beef amid problems with shipments to South Korea and for chicken amid slower-than-expected sales.
and then buy alternatives and ride them to collapse
yahoo
guess one should buy diesel,electric,ethanol/gas,hydrogen car and just rotate them every 10-15 years as that market moves
i suppose getting a horse would not hurt either
but will the pro-ethanol morons get a clue?
Let's get real. Ethanol subsidies isn't a way to solve the energy crisis. It's a way for the Democrats and the RINO wannabes to butter up ignorant greens and buy the farm vote, which is vital for 2008.
Funny thing, that whole demand-price relationship.
>>>but will the pro-ethanol morons get a clue?
We have a clue. Several in fact. It's the rest of you who need a clue or two. I'll get you started in clues: Corn for ethanol is not a food OR fuel choice - it's food AND fuel. Here's another: no one expects ethanol to be a total replacement for petroleum - it can be, and is, a viable means of reducing the need for imported oil. Every barrel of oil we don't have to import from people who want all of us infidels dead is a good thing.
wait till ethanol gets going - you'll be paying 2 bucks for an ear of corn...
Good on you, Keith.
It also keeps the price of my corn and milo up to where it ought to be in the first place.
"Corn for ethanol is not a food OR fuel choice"
But doesn't it become that, if you ask the question:
For which, would you rather deplete the topsoil?
I know how we can cure all that, we can tax it
oh and feel good about it, and start to share hugs and sing few songs praising the mother earth
that will solve all that ails the mankind er personkind er son in the name
well humanoid oops man in the word, Huoind kind there thats good
Perhaps on Superman's Bizarro World, but on this planet, a 14% rise in the price of corn isn't considered a "collapse".
There's more than cattle feed left after the ethanol is made from the corn...and many farmers like to hunt too, so they'll maintain habitat that they can make use of after the harvest.
Well, since apparently our nation does not have the willpower to win a war against a bunch of terrorists and ragtag militias, we had either better get used to ethanol or start studying up on the koran.
I would pay a farmer in America five dollars a gallon for ethanol before I pay a raghead ninety-nine cents for a gallon of gasoline. PERIOD.
Actually, the new plant being planned in SW Kansas, will burn feedlot manure for the heat required, thus eliminating that problem, the residue of the manure will be returned to the feedlots to pave the pens. The grain will have the alcohol removed from the carbohydrates, and the remaining high protein mash will then be returned to the feedyards as feed. It is hard to beat a system like that, and it also blows holes in the nay-sayers whining about energy requirements needed to produce ethanol.
flashbunny,
The same corn cannot be used for food and fuel. The demand added by the SUBSIDIZED Ethanol industry WILL drive up the price of corn. Did you know that ethanol is both less efficient than gasoline and pollutes more? As long as we are burning Middle Eastern and South American oil our own oil is waiting safely in the ground for future use. Why burn ours when we can buy theirs? Yes, we could stop burning their oil but wouldn't that piss them off even more?
Glad to see the farmer maing a buck. They get about 10 cents out of a $4.00 dollar box of corn flakes.The rest goes to the packager.
Use some ethanol, and start chipping the oil-filled rocks in Utah, and we're two steps closer to telling the Muslims to f*** off.
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