USDA lowers corn ethanol use numbers in June WASDE

June 11, 2020 |

In Washington, Reuters reports that USDA data shows corn supplies are expected to rise due to lack of demand for ethanol production as a result of COVID-19 impacts. The June WASDE report shows additional corn stocks at the end of 2019/20 of 2.103 billion bushels, up 5 million bushels against last month’s estimate, while it estimates corn ending stocks for 2020/21 will be the highest since 1987/88 at 3.323 billion bushels. The 2019/20 figure for corn use for ethanol was dropped by 50 million bushels in the June report due to COVID-19.

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Category: Fuels

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