US will have 60 percent more corn available for export, livestock by 2022

Monsanto has projected that corn yields will increase to 245 bushels per acre by 2022, when the US will produce 15 billion gallons of ethanol from corn. Based on an increase in production to 3.0 gallons per bushel with advances in starch recovery techniques, US demand for corn acreage should be expected to rise to 23 percent of overall corn acreage (based on 2008 plantings of 86 million acres), leaving 16 billion bushels of corn for livestock and export markets. This is an increase of 60 percent from current levels.

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