Corn - Statistics & Facts

Corn - Statistics & Facts

Statistics and facts about corn in the U.S.

Corn is the world's most important grain based on production volume. In the crop year 2012/2013, a production level of around 856 million metric tons was expected to be achieved.

The United States is by far the biggest corn producer worldwide, with a production level amounting to over 313 million metric tons in 2012. This corresponds to over one third of the global production amount of corn. The leading U.S. states in corn cultivation are Iowa, Illinois and Nebraska.

The U.S. is also the world's leading exporter of corn, whereas the import volume is relatively small. Among the leading buyers of U.S. corn are Japan, Mexico and China.

Over the last seven decades, U.S. prices per one metric ton of corn showed high volatilities, but were rapidly increasing in the last years. A new peak price was reached in summer 2012, attributable especially to the tremendous drought in most of the major agricultural U.S. states.

Corn is increasingly utilized in the production of industrial ethanol. In 2012, almost 30 percent of all corn was used for this purpose in the United States. Growing corn production for ethanol in the U.S. is expected to continue until 2016.

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Language:   English
Page/s: 63
Released: September 2013
Document: Powerpoint (PPTX)
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