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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Expect firm demand for dependable HRS and SW, steady movement in HRW, more sorting on SRW, and selective bids on durum until full milling results are released.
