Corn Second Tightest Since The Depression

U.S. corn supplies, already stretched thin by relentless feed, fuel and food demand, will grow even tighter in the coming year due to a rain-shortened crop, the government projected June 9. That means a drop of 300 million bushels in the likely corn crop and a drawdown of U.S. stockpiles through fall 2012. For the second year in a row, U.S. corn supplies will be the second tightest since the mid-1930s. There would be less than a three-week supply of corn on hand at the end of next summer, barely enough to feed livestock and keep processing plants open.

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