USDA Ups Forecasts for Corn Use in Ethanol Production
New chart shows 5.6B bushels is expected to go to ethanol and byproducts production in 2017-’18
On Nov. 2, the USDA released selected tables prepared for its upcoming USDA Agricultural Projections to 2028 report, which is scheduled for full release in February.
Ethanol Producer Magazine notes one of the charts illustrates the USDA’s expectations for corn use in ethanol production.
The new chart shows 5.6 billion bushels of corn is expected to go to ethanol and byproducts production in 2017-’18, increasing to 5.65 billion bushels in 2018-’19, 5.7 billion bushels in 2019-’20 and 5.725 billion bushels in both 2020-’21 and 2021-’22. After that time, the USDA predicts a drop in the volume of corn going to ethanol production.
Early release charts can be found here.