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June corn for ethanol use up on month, down on year
The USDA says corn for ethanol use during June was 378.9 million bushels. That was an increase of 26% from May as several plants either came back on-line or returned to normal production schedules, but that was also a decrease of 17% from June 2019 because of concerns about margins and uncertainties about demand due to COVID-19.
Production of distillers dried grains with solubles was 1,664,454 tons, up 35% on the month but down 15% on the year.
The USDA’s next corn for ethanol use estimate is out August 12th.
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