Corn at CommoditieShop.com

CORN

History & properties:
Corn or maize is a native grain of the Americas. Fossils of corn pollen have been found in lake sediment under Mexico City dating back over 80,000 years. Corn is a hardy crop that can grow in many different parts of the world and in different environments from sea level to as high as 12,000 feet. It can also grow in climates with as little as 12 inches or as much as 400 inches of rainfall per annum.

Major Uses:
Corn is used primarily as livestock feed. However, corn is increasingly being used for the production of ethanol production in the US. Since 1990, corn demand for ethanol purposes has risen from 360 million bushels to 1,260 million bushels or just over 10% of total corn use. The United States Department of Agriculture estimates that by 2010 this will have risen to 2.6 billion bushel per annum . Other feedstocks used for ethanol production include sugar and sorghum.

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Major producers & consumers:

Corn is the world's largest cereal crop in terms of global production. The United States is the largest producer and exporter of corn in the world, representing 41% of world production and 70% of global exports. The largest corn producing states in the US are Iowa, Illinois, Nebraska, Minnesota and Indiana.

Major producers & consumers continue:

After the US, Argentina is the second largest exporter of corn in the world. China is the world's 2nd largest consumer of corn. The level of corn consumption is expected to rise further given the rising per capita demand for meat and consequently the country's growing requirements for animal feeds.

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