Home / News / Crops news / Corn use on the rise -- USDA

Corn use on the rise -- USDA

Jeff Caldwell 07/12/2011 @ 7:56am Multimedia Editor for Agriculture.com and Successful Farming magazine.

More corn's being used for ethanol and livestock feed, and that's going to inject a bit of bullish energy into the corn market Tuesday after USDA released its monthly World Supply and Demand (WASDE) report.

"Feed and residual use for 2011/12 is raised 50 million bushels with larger supplies and lower expected prices," according to Tuesday's report. "Corn use for ethanol is raised 100 million bushels with larger supplies and an improved outlook for ethanol producer margins."

Early estimates are the numbers are bullish corn, bearish soybeans and neutral to friendly for wheat.

CancelPost Comment
MORE FROM JEFF CALDWELL more +

3 Things to Watch This Morning: Friday… By: 11/21/2014 @ 6:34am Weekend weather shift on the way.Though some of it's melted in the last few days, there is…

President Obama Lays Out Immigration Reform… By: 11/20/2014 @ 8:25pm In his address to the nation focusing on steps moving forward on federal immigration policy…

Immigration and Farm Labor Changes Ahead? By: 11/20/2014 @ 12:26pm Whether your farm or ranch depends directly on immigrant labor or not, chances are high that…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Cool Tools Christmas Edition: Craftsman Two-in-One