Corn-for-ethanol use higher than expected
Corn-for-ethanol use increased to 485.8 million bu. in December, according to USDA, up 18.9 million bu. (4.1%) from November and 54.1 million bu. (12.5%) above the previous year. Ethanol use was 7.2 million bu. greater than traders anticipated. Total corn use for ethanol and other industrial purposes rose to 539.3 million bu., up 20.5 million bu. (4.0%) from November and 59.6 million bu. (12.4%) greater than December 2020.
Dried distillers grains with solubles (DDGS) production increased to 2.073 million tons, up 3.8% from November and 16.0% above year-ago.
Read also
EPA proposes record US biofuel mandates: Update
Ethiopia aims to replicate wheat success across other crops
Israeli strikes on Iran have led to a sharp increase in oil and agricultural price...
Top soy sauce maker to float $1.2 bln in Hong Kong
ABARES cuts Australian canola production and export expectations
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon