Ethanol
Corn demand from ethanol is expected to drop by 75 million bushels over the next two years.
Ethanol usage for corn is more than double what we export, and that usage can be turned off as easily as a light switch.
Commodity exchange amends proposal for new limits to go further than originally proposed.
Eliminating the ethanol mandate and tax credit would decrease ethanol production, says an Iowa State University economist .
North Dakota, South Dakota, Minnesota and Montana, will be resurveyed.
If the ethanol subsidy is eliminated as some in Congress are calling for, corn stocks-to-use could increase, potentially putting modest pressure on corn prices.
Corn planting has started, cotton is pacing ahead of normal and winter wheat conditions continue to slide.
President Donald Trump is considering visiting an ethanol refinery in Iowa in the coming weeks, according to people familiar with the matter.
The Trump administration on Tuesday advanced a plan meant to expand the U.S. market for corn-based ethanol and place trading restrictions on credits that refiners use to prove they are using biofuel.