The USDA is projecting a billion more bushels of U.S. corn to be consumed next marketing year.
Todd Hubbs, a University of Illinois ag economist, says reaching the nearly 15-billion-bushel projection might come at a cost.
“Is it feasible? Yes, it’s feasible,” he said. “It may require lower corn prices than we like to hit that number.”
Hubbs tells Brownfield increased ethanol demand and lower corn prices driving trade will be the key factors in raising U.S.