Ethanol Production and Corn Prices

2007 7 Broiler-ethanol_Page_1.jpg
Date: 
2007
Volume: 
47
Number: 
7

 

The increased emphasis on ethanol production in the United States as an alternative fuel is having a significant impact on corn supplies and prices. Corn prices that were in the $2.00 per bushel range during 2005, are expected to average around $3.50 per bushel for 2006. Corn prices for 2008 may even exceed the $4.00 per bushel level unless pressures on inventories can be accounted for.