india fert subsidy backfires,food imports grow, page-12

'60% goes to ethanol now'

fair enough, but my point is a few mouldy stacks isn't going to dramatically throw out the supply demand balance given there is a demand for lower quality corn from the lot feeding sector.

'The USDA is cooking the books on grain stocks.'

maybe so, i hear this from many us farmers, the same farmers that are boasting record (or near record) crop yields and bemoaning usda's commentary on growing stocks.

as a farmer i seriously hope i'm wrong, but i don't think strong grain prices are just around the corner... although that said keep talking mak up, i still hold a couple as a long term punt.