Storing corn may be best bet for securing better price later

Des Moines Register
by PHILIP BRASHER & DAN PILLER • business@dmreg.com • January 3, 2010

Corn prices have been generally depressed in the last 12 months due primarily to slack export demand and big supplies in the United States.

But Purdue University economist Chris Hurt thinks that while corn might not return to the heady $6 to $7 range it saw in 2008, rising demand may give it the same kick in 2010 that soybeans enjoyed last year when China made heavy purchases.

"We know that from two aspects, one of them being biofuels. Ethanol production will continue to grow in 2010 and 2011. And, secondly, as the world economy recovers, we're going to see more demand for U.S. corn exports," Hurt said.

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