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Ethanol industry responds to corn harvest report
Source : domesticfuel.com
The United States Department of Agriculture (USDA) released its final report on the total 2010 corn crop and supply as well as its updated estimates of corn use. The total 2010 corn production was 12.45 billion bushels, the third largest crop in U.S. history. There were some unanticipated changes in the report as well. First, the corn yield was lower - 152.8 bushels per acre but overall, this is still the 4th highest. The reduction in yield was offset by the addition of 100'000 harvested acres. Second, the USDA increased its demand forecast to 4.9 billion bushels for the marketing year that runs from September 1, 2010 through August 31, 2011. This should equal ethanol production of nearly 13.5 billion gallons. When taking into account the contribution of distillers grains and other feed co-products of ethanol production, USDA lowered its livestock feed usage by 100 million bushels. Ending stocks of corn were reported at 745 million bushels, down from last month's report.
read more ...
17 January 2011 |
Study ::
Agriculture ::
United States & Canada
The information in this section is subject to a disclaimer.
Articles regarding the United States & Canada (279 articles)
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