USDA lowers corn use for ethanol estimate by 50 million bushels in October WASDE

In Washington, AgWired reports that the USDA estimates in its October World Agricultural Supply and Demand Estimates that corn used for ethanol will fall by 50 million bushels based on information provided by the Energy Information Administration in September. It says that corn availability will continue to tighten due to low opening stocks and smaller production, which it currently estimates at 13.779 billion bushels, 20 million bushels lower than its September report. Overall, corn ending stocks for 2019/20 are lowered 261 million bushels.