For the month of September, corn used for fuel alcohol totaled just over 407.51 million bushels, down about 2 percent from August but up just over 1 percent from September 2020. Corn consumed for beverage alcohol totaled some 3.41 million bushels, down 2 percent from the 12-month average and down about 11 percent YOY.

USDA forecast 2021/22 corn used for ethanol at 5.200 billion bushels in October, but some in the industry expect USDA to increase its forecast in the November WASDE amid favorable ethanol production margins. This would further support corn futures, which may carry over to the ethanol market despite implications of greater supply.

September distillers dried grains with soluble production was steady at over 1.76 million tons, down just 2 percent from the 12-month average. However, production of distillers wet grains with 65 percent or more moisture was an 18-month high at roughly 1.19 million tons, up almost 12 percent from the one-year average.

Corn use for fuel ethanol by season

Source: EIA
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