National Ag News
More corn going into ethanol; ethanol exports grow in importance
Dec 15, 2017, 13:47 PM
by
System
A mild surprise in this week’s WASDE report from USDA was the 50 million bushel increase in the estimate of corn that will go into ethanol production this marketing year.
University of Illinois ag economist Todd Hubbs says that’s a positive sign for domestic corn use demand.
“Since we’re sort of struggling under the 2.4 billion bushel ending stocks number, any increase is some kind of benefit to maybe driving down those stocks,” Hubbs says.
