In Washington, the USDA says corn stocks will stay at 15 year lows for longer than expected with ethanol and Chinese imports as the main users of the anticipated supply. The most recent usage estimates were 3% higher than expected by traders, offsetting some of the expected increase in supply. Ethanol will become the largest consumer of corn for the first time ever surpassing livestock use.
More background on the story from the Digest
Category: Producer News