Uses include: Animal Feed, Ethanol Production, Human Consumption, Polymer Production
88 million US acres planted in 2010/11 crop year; 81 million harvestable at 163.5 bu/acre
1 bushel of corn equals 56 pounds
U.S. demand: 28 million bushels/day in 2008/09
World demand: 84 million bushels/day in 2008/09
World demand (est.): 89.6 million bu/day in 2010/11
07/29/10 20:14 Sources: National Agricultural Statistics Service Crop Production Summary Jan 12, 2009 USDA World Agricultural Supply and Demand Estimates July 9, 2010 US Foreign Agricultural Services Spectrumcommodities.com
Human consumption: mainly sweeteners and direct use of corn kernel.
Increasing use as a polymer feedstock for production of plastic; Wal-Mart switched to corn-based plastic bags in 2007.
Of the 10,000 items in a typical grocery store, at least 2,500 items use corn in some form during production or processing.
07/29/10 20:14 Sources: US Grains Council USDA Feed Grains Database: Yearbook Smithsonian.com Aug 2006 Ontario Corn Producers Assoc
Corn – Demand Rising with Population & Prosperity
Rising world population is decreasing amount of arable land for crops, but also brings increased demand for corn and corn products.
As incomes in developing countries rise, consumers tend to diversify their diets – increasing the relative consumption of meat (protein), dairy products and processed foods – all of which increases corn demand.
Economic growth in developing countries is projected to average more than 5.6% annually during the period 2010-19
Corn – Global Demand Rising Steadily 07/29/10 20:14 Source: USDA.gov July 9, 2010 Global Corn Consumption 2006-2010 In Thousand metric Tons