USDA's April WASDE report predicts increased corn usage for ethanol and feed, with lower ending stocks.
The USDA's April WASDE report forecasts increased corn used for ethanol and feed & residual, with smaller ending stocks. Corn used for ethanol is raised by 25 million bushels to 5.4 billion, while feed & residual use is increased by 25 million to 5.7 billion. The report suggests that with no supply changes and rising use, ending stocks are lowered by 50 million bushels to 2.1 billion bushels.
April 11, 2024
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