"A U.S. government report on Monday showed farmers in the United States will plant the largest area with corn this spring since World War Two, which could double the razor-thin stocks of this year and help defray costs to consumers and food companies."
"The projections, based on data in November and which will be updated at the USDA's Outlook conference on Feb 23 and 24 with more current statistics, put corn ending stocks next summer at 1.6 billion bushels -- double the 801 million this year.
Corn stocks, the smallest in 16 years this year, will swell to the largest in two years in the 2012/13 season (Sept/Aug)."
Sam Nelson reports for Reuters February 15, 2012.
SEE ALSO:
"Experts Say Beef Prices Will Likely Rise for 2 Years Due To Smallest Cattle Herd in 60 Years" (AP)
