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Commodity Plaza - BUSINESS AND MARKET

Corn Facts Aren't Corny

June 5th 2008 02:44
This information...hulled and culled from the U.S. Department of Agriculture (2007 stats) and the U.S. Grains Council will give you an idea of this commodity and what types are grown in the U.S.A, the leading corn producer in the world. Iowa, Illinois, Nebraska, and Minnesota are responsible for more than 50 percent of U.S. corn production.

The U.S. is not only the world's top corn producer, but also the top exporter of corn to world markets. Two types of corn grow in the U.S. These are field corn and sweet corn. Field corn is the most common and accounts for 99% of all corn acreage. It is primarily used as feed for livestock and ethanol production. Sweet corn is what we grow in our gardens or purchase fresh, frozen, or canned.


The U.S. sends most of its corn to Japan, Mexico, South Korea, Taiwan, and Egypt. In 2007 there were 93.6 million planted acres of field corn with 13.1 billion bushels produced (366 million tons) for a crop value of $52.3 billion.

Also in the U.S., there were 631,400 planted acres for 2.9 million tons of fresh and processed sweet corn. The crop value for this sweet corn was $625.5 million fresh and $236.9 million processed. Again, this was for 2007.

Field corn provides corn cereal, cornstarch, corn oil, and corn syrup. Even some plastic packaging and certain fabrics are made from field corn.

Here are three statistics provided by Iowa Corn:
11 cents worth of corn can be found in your morning cereal.
Soda contains just 3.5 cents of corn-based sweetener in a liter.
Just last year, the corn from one area about the size of a football field went into 3,291 hamburgers or 66,713 bowls of corn flakes or 7, 608 pork chops, or even 464 gallons of E85 fuel.


I'll present interesting facts about other commodities on this blog as we roll along.

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