The 2010-11 corn market had an important job to do and it got the job done. It had the responsibility of making sure there was an adequate amount of leftover corn to provide some supply cushion for the 2011-12 marketing year. According to the U.S. Department of Agriculture's (USDA's) September Quarterly Grain Stocks Report, the market did its job. Barely. Old-crop ending stocks of 1.128 billion bushels are barely enough supply cushion for a tough 2011 growing season. The uncertainty of the 2011 corn crop started almost a year ago when growers began making planting decisions. The rationing process continued into the spring of 2011 when a soggy and cool planting period resulted in one of the slowest planting seasons on record.
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