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When crushed soybeans fall, corn for ethanol rises

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When crushed soybeans fall, corn for ethanol rises

Ethanol corn continued to rise in November.

According to USDA, corn fuel alcohol consumption in November was 468,655,000 bushels, up for the second straight month, up less than 1% from October, 9 more than a year ago. % Increased. This is due to strong margins and consumer improvements. Demand encouraged production.

The production of distilled and dried grains containing solubilizers was 1,997,444 tons, an increase of 2% per month and 11% per year.

The amount of soybean crushed in November was 190 million bushels, which was lower than expected, but it decreased by 7 million bushels from the previous month and 1 million bushels from the previous year, showing uncertainty about demand including global vegetable oil demand.

USDA’s next supply and demand estimate is January 12thth..



When crushed soybeans fall, corn for ethanol rises

https://brownfieldagnews.com/news/corn-for-ethanol-rises-as-soybean-crush-falls/ When crushed soybeans fall, corn for ethanol rises

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