Darrel Good Report: Corn - More on Ethanol and Exports

GrainNet.com
Date Posted: November 8, 2010

Urbana—Corn prices continue to be supported by expectations that the USDA will reduce the forecast size of the 2010 U.S. crop and by a rapid pace of ethanol production.

The rate of exports and export sales has been somewhat disappointing, said University of Illinois agricultural economist Darrel Good.

"Reported expectations for the Nov. 9 USDA Crop Production report are for a slightly lower yield and production forecast, with the average yield guess reported at 154.4 bushels.

"The October forecast was 155.8 bushels.

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