There are millions of bushels of field corn piled up here in MN on the ground, because we have run out of room to store it.
There is _no_ shortage of field corn.
We end up dumping the corn for cheap to other countries, because we make more than we can use.
Would sure be nice to have a good steady market for the stuff! Would help farmers out to have someone use the stuff locally, in the USA! Cut down on subsidies from the govt, and so on.
Every year, it is too dry, or too wet, or both, someplace in the USA to hurt a crop. Some of the headlines you read on this are just good salesmanship - rumor.
End of the year, we average a good, record crop of corn. Those areas that had poorer weather are balanced out by those areas that had way better weather.
Only every 20 years or so do we see a real, true, dip in corn production. This is quickly overcome by the reserves from the previous year, & increased planting & yield the next year.
As corn prices rise, those buying it turn to other products to feed their animals, and the 'shortage' takes care of itself.
Because of the size & wide area of corn production in the USA, we have a pretty darn stable supply of the stuff.
Yup, I'm a farmer, raise the stuff.
Corn is going to range from $1.40 to $4.75 a bu. 80% of the time it will be just below $2.00. Has been for decades, likely will be for the future.
This year, a lot of investment firms with billions of $$$ are buying up grain stocks. NOT using the stuff, but buying it as an investment. Some pencil pushers are guessing the use of ethanol, and so on, is going to cause a shortage of corn. We are in a dry phase for the last 2 years. This combined has gotten the speculators to drive prices up. It is purely based on speculation, & I personally expect folks will be waking up in May, realize we have enough corn and a record crop is growing in the fields, and the market will crash to way below $2.00 a bu.
Us farmers have to live with this type of up & down market for our income. Trying to outguess the weather, & the $$$$ big investors, makes things fun.
Anyhow, corn is not in short supply. A lot of rumor & speculation has temporarily driven the price up a bit - which will reduce the bu of corn purchased, & increase the number of acres planted to corn. Expect to buy real cheap corn for your corn stoves next fall.........
--->Paul