As uncertainty swirls around the future of ethanol, new data shows corn use to make the fuel has fallen in recent months.
USDA’s most recent Grain Crushings Report shows corn used for ethanol production in January was down 10 percent compared to December and down 3 percent on the year.
Corn used for alcohol was also down 10 percent in January and 2 percent off the year.
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Wheat Harvest Begins As Drought Challenges Livestock Regions
Unlike facilities focused on merchant ammonia, Meadowlark would convert its on-site ammonia into UAN and sulfur-containing ATS fertilizers used by regional crop producers.
LSU economist Dr. Michael Deliberto says fewer planted acres could tighten supplies and support prices for producers.
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Markets have been slow to respond as crop stress worsens across major winter wheat regions, where quality ratings have fallen to multi-decade lows.
Producers say limited moisture is creating major challenges for crops and irrigation heading into summer.
