Corn-for-ethanol use totaled 455 million bu. during November, according to USDA, topping expectations of 451 million bushels. Corn-for-ethanol use dropped 5 million bu. (1.1%) from October but was 4.5 million bu. (1.0%) more than November 2022.
Through the first three months of 2023-24, corn-for-ethanol use totaled 1.345 billion bu., up 4.9% from the same period last year. To reach USDA’s forecast of 5.325 billion bu., corn-for-ethanol use must run 2.2% above year-ago for the final nine months of the marketing year.
Dried distillers grain with solubles (DDGS) production totaled 1.797 million short tons in November, down from 1.820 million tons the previous month but up from 1.778 million tons last year.
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