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 +

Drought Continues to Hammer California;… By: 08/28/2014 @ 10:27am John Steinbeck and Sonora Babb painted vivid pictures of the Dust Bowl in their novels The Grapes…

Another Rough Winter? Farmers' Almanac… By: 08/27/2014 @ 7:30am Not again! A year ago, the Farmers' Almanac, which has been around for almost two centuries…

Easing Farmland Values No… By: 08/26/2014 @ 2:23pm Just because the land market has leveled off from its meteoric rise of the last few years…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Put Rolls Sending Bearish Signals