What is in this article?:
- Continuing high levels of domestic corn-based ethanol production and gains in exports will keep corn demand high, according to USDA's 10-year projections.
- Cotton prices are projected to fall in the initial years of the projection period and rise only moderately in subsequent years, reducing producer returns.
- Continued growth of U.S. rough-rice exports to Latin America (nearly all long-grain rice) is projected to account for most of a projected expansion of U.S. rice exports.
U.S. area planted to all types of rice is projected to rebound in 2012 from 2011’s overall low level and then rise gradually over the next decade. Long-grain plantings rise throughout the projections, while medium- and short-grain area initially declines in 2012 from a high level in 2011 before rising in subsequent years.
U.S. rice exports are projected to increase, after rebounding from a low level in 2011-12, although more slowly than overall global rice trade. Nonetheless, long-run gains in producer returns after 2014 support rising U.S. rice acreage, USDA projects.
Continued growth of U.S. rough-rice exports to Latin America (nearly all long-grain rice) is projected to account for most of the overall expansion of U.S. rice exports.