National Ag News

The International Grains Council says greater ethanol use in China has cut global corn stocks to a four-year low.  Despite a higher production forecast, the council lowered its world corn inventory estimate by five million metric tons to 203 million metric tons by the close of 2017-18.  China’s trying to reduce big corn inventories with a nationwide roll-out of ten percent ethanol blended gasoline by 2020.

The council’s world corn production forecast was raised by five million metric tons to a little more than a billion metric tons. 

Continue reading China’s ethanol use drives global corn stocks decline at Brownfield Ag News.