Corn surplus melts away

[Robert Administrator Find all posts View Profile Close Robert]

This year, agriculture's newest magic trick is its vanishing act, as a once-suffocating surplus of corn slowly shrinks away. Wanna know the secret? It's ethanol. On Friday, the U.S. Department of Agriculture said U.S. corn stocks heading into the fall harvest were down 7 percent from last year. That's not an earth-shaking shift, but coming after the two biggest corn harvests in U.S. history, news that stockpiles are shrinking, not growing, signals the beginning of a new era.


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