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 [...]

June continues strong corn use for ethanol

Ethanol producers used 462.7 million bushels of corn in June, up 6 percent from last June. From September through June, 2017/18 corn use totaled 4.6 billion bushels, up 3 percent year over year and 83 percent of USDA’s season forecast of 5.6 billion bushels. [...]