U.S. 2008 Corn Surplus Estimate Raised 51 Percent as Farmers Boost Acreage

(Bloomberg) -- The U.S. corn surplus before the 2008
harvest will be 51 percent bigger than estimated in June, the
government said, because farmers planted more acres than they
indicated earlier this year.

About 1.502 billion bushels of unsold corn will be on hand
before next year's harvest, up from 997 million forecast a month
ago, the U.S. Department of Agriculture said today in a report.
That's 32 percent bigger than 1.137 billion estimated for Aug. 31
this year and above an average of 1.45 billion expected by 14
analysts surveyed by Bloomberg.


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