USDA’s National Agricultural Statistics Service’s new Grain Crushings and Co-Products Production report indicates the amount of corn necessary to make a gallon of ethanol is less than previously believed. The projected demand for U.S. corn for ethanol has been lowered by 50-million bushels. National Corn Growers Association President Chip Bowling says the supply and demand report released sheds light on a topic of great concern to U.S. corn farmers. For many years – Bowling says corn growers have strongly asserted the ethanol industry continues to improve and productivity gains should be taken into consideration. He says USDA made a great step forward in showing its growing appreciation for the advances made in ethanol production and the ever-increasing benefit it offers Americans.
Source: NAFB News Service