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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Cotton margins improved slightly, even as fertilizer and fuel costs rose due to the Strait of Hormuz disruption linked to the Iran war.
Flour milling demand stayed generally steady, but total wheat grind remained slightly softer year over year.
U.S. export inspections turned in another strong corn week.
Cotton prices improved last week, but drought, storms, and uneven planting are keeping risk elevated.
National Corn Growers First VP Matt Frostic joins us to discuss their 62nd annual yield contest, the new short-season corn pilot class, and what farmers can expect as the season gets underway.
HTS Commodities broker Lewis Williamson joins us to break down the latest USDA Crop Progress Report and how weather and global supply chain issues could influence planting conditions moving forward.
