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Coarse Grains and Ethanol Will Contribute to Profitability

U.S. Grains Council President and CEO Ken Hobbie was quick to point out that the positive numbers coming out of this month's World Agricultural Supply and Demand Estimates report indicate that the United States is more than able to continue supplying domestic and international customers with necessary feed grains. Hobbie said growers can rest assured that exports are making a critical contribution to the disappearance of grains and their co-products and that rising demand for ethanol and exports are responsible for this positive outlook.

Hobbie said this report emphasizes again how important building and maintaining both domestic and international markets are to the overall profitability of U.S. farmers. He says both ethanol production and coarse grains exports are projected to heavily contribute to the bottom line of U.S. producers going forward.