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February 2011 | |  |
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Comments on USDA Supply Demand Report
Source : domesticfuel.com
There were not many changes in the February World Agriculture Supply and Demand Estimate (WASDE) report out today, except in the corn department. Corn used for ethanol is projected 50 million bushels higher on a higher-than-expected November final ethanol production estimate and weekly ethanol data that indicate record output for December and January. USDA chief economist Joe Glauber says ethanol plants are using more corn than expected, almost 8.5% more than last year. "The (ethanol) production levels themselves suggest that we're producing at a level above the mandated levels under the Renewable Fuels Standard", Glauber told USDA Radio. "For corn use this is obviously a record and it now probably accounts for at least 40% of the corn use at least this year." Ethanol interests are concerned that the report may flame the food versus fuel debate fire again, despite the fact that farmers are likely to respond to higher corn prices by planting more than enough corn this year to meet all needs.
read more ...
11 February 2011 |
Figures ::
Agriculture ::
United States & Canada
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Articles from February 2011 (107 articles)
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