date:Aug 21, 2013
mates of ethanol production, it appears that corn used for ethanol and co-product production during the last quarter of the marketing year will be 40 to 45 million bushels more than used during the summer quarter last year. If so, use for the entire marketing year will exceed last week's USDA forecast by 30 to 35 million bushels.
The recent pace of exports of U.S. corn has also been a little higher than expected, averaging 12.55 million bushels per week in the six weeks ended August 15. The USD