WASDE: USDA lowers corn use, raises soybean crush

Today’s WASDE report confirmed the market’s expectation for lower corn utilization for ethanol, which USDA lowered by 25 million bushels, to 5.550 billion bushels. USDA also lowered U.S. corn exports by 75 million bushels, a move that was less expected but not out of [...]

FCOJ movement up 8 percent from last year

This season’s cumulative FCOJ movement totaled 76.2 million pounds solids (ps) as of Dec. 22, compared to 70.7 million to date last season. Domestic bulk movement accounted for the gain, while domestic retail movement, at 14.9 million ps, was nearly 7 percent lower than [...]