WASDE: Corn & soybean ending stocks forecasts cut notably

In the January WASDE, USDA dropped its total 2020/21 U.S. corn supply estimate by 400 million bushels, with new crop production now estimated at 14.182 billion bushels, down 325 million bushels from the December estimate. USDA’s cuts to domestic use and exports in 2020/21 [...]

Will USDA lower corn use for ethanol?

USDA will publish its corn S&D update on Friday—the first official look at crop production and use since Dec. 11. Exports and utilization for ethanol may be due for adjustment. During the government shutdown, USDA continued to report on grains inspected for export. For [...]