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10% less corn used for ethanol production in 2020
The USDA says corn for ethanol use in 2020 was 4.776 billion bushels, down 10% from 2019. That was because of reduced blending demand caused by lower travel linked to COVID-19 and, later in the year, higher corn prices pressuring margins.
The U.S. Energy Information Administration says ethanol production last year was 13.93 billion gallons, a decrease of nearly 12% on the year, and the lowest annual total since 2013.
Domestic production of distillers dried grains with solubles was 20,163,317 tons, a year to year decline of 11%.
Corn for ethanol use during January was 415.804 million bushels, 4% lower than in December and 11% below January 2020, with DDGS production at 1,753,401 tons, down 2% on the month and 10% on the year.
The USDA’s next corn for ethanol use estimate is out March 9th.
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