Essay: Corn Production in the United States

Sample Essay

Since corn prices are to a large extent influenced by the supply and demand interaction of corn in the United States, as it is in fact the largest producer and exporter of corn, the rest of the world has to adjust its prices accordingly. Hence, the production and consumption in the rest of the world is to a large extent influenced by Corn production in the US.

However, over time certain countries such as Argentina, Brazil, Ukraine, Romania and South Africa have all produced corn particularly in cases when the exports prices were attractive enough to do so. Since in the present times, the corn prices have been attractive enough for them, the other nations have stepped in order to fulfill the demand.

China has always represented a picture of uncertainty fluctuating between exporting on a large extent and then importing as well. Hence, this has made the trade patterns of China difficult to predict while at the same time Japan has remained one of the largest corn importing nations followed closely by South Korea.

However, as a result of the increasing prices the importers have had to switch to other grains or to other suppliers. Thus, the production and consumption has been interlinked to the cultural traits of the nations as in certain nations corn plays an integral role in the basic food stuff such as Japan and South Korean, and America and hence, in these nations the demand is the highest. While in other developing nations the demand is much lesser and hence, they are more willing to export their corn produce in order to earn export earnings.

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