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humm corn prices are up. 394.50 cents per bushel
- Thread starter OutHouse
- Start date
DeadByDawn
Platinum Member
My brother said "crorn" in elementary school. They made him go to a speech therapist over it.
Rockinacoustic
Platinum Member
Yup, the demand for corn to make ethanol has increased it's price by alot.
dmcowen674
No Lifer
3-30-2007 Ethanol boom prompts farmers to plant most corn since 1944
DES MOINES, Iowa - An ethanol-fueled boom in prices will prompt American farmers to plant the most corn since the year the Allies invaded Normandy, but surging demand could mean consumers still may pay more for everything from chicken to cough syrup.
Farmers are expected to plant 90.5 million acres of corn, according to the U.S. Department of Agriculture's annual prospective plantings report released Friday. That would be a 15 percent increase over 2006 and the most corn planted since 1944.
A wild card also could be the European Union, which also has to meet required renewable fuel mandates and doesn't have enough land available to set aside for grains to make into ethanol.
Stuart Sanderson, who farms 4,000 acres of wheat, soybeans, corn and cotton near the Tennessee River in northern Alabama, converted all of his cotton acres to corn this year, a move he expects to pay off in an extra $150 an acre.
He said all neighboring farmers he knows have converted at least 30 percent of their fields from cotton to corn.
"When corn goes over that $3 mark it really catches attention," he said. "The thing about cotton is you can't turn it into a fuel. With corn, you can eat it, you can feed it, you can turn it into fuel. With the ethanol engine, it's a really good time to be growing corn."
DES MOINES, Iowa - An ethanol-fueled boom in prices will prompt American farmers to plant the most corn since the year the Allies invaded Normandy, but surging demand could mean consumers still may pay more for everything from chicken to cough syrup.
Farmers are expected to plant 90.5 million acres of corn, according to the U.S. Department of Agriculture's annual prospective plantings report released Friday. That would be a 15 percent increase over 2006 and the most corn planted since 1944.
A wild card also could be the European Union, which also has to meet required renewable fuel mandates and doesn't have enough land available to set aside for grains to make into ethanol.
Stuart Sanderson, who farms 4,000 acres of wheat, soybeans, corn and cotton near the Tennessee River in northern Alabama, converted all of his cotton acres to corn this year, a move he expects to pay off in an extra $150 an acre.
He said all neighboring farmers he knows have converted at least 30 percent of their fields from cotton to corn.
"When corn goes over that $3 mark it really catches attention," he said. "The thing about cotton is you can't turn it into a fuel. With corn, you can eat it, you can feed it, you can turn it into fuel. With the ethanol engine, it's a really good time to be growing corn."
dmcowen674
No Lifer
The USSC is deciding right now whether to permanently end the "Free Market" for the U.S.
imported_weadjust
Golden Member
This thread is corny.
conehead433
Diamond Member
I'm pretty sure the biggest cash crop recently has been pot. Probably would have been even bigger if it had been legalized.
SarcasticDwarf
Diamond Member
That does not mean they SHOULD be planting corn or that they should use it as a fuel source.
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