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April corn for ethanol, soybean crush down from March
Corn for ethanol use dipped in April. The USDA says 415.738 million bushels of corn were ground for fuel alcohol, 5% less than in March due to seasonal maintenance and 1% lower than April 2022 because of some industry uncertainties about demand.
1,619,677 tons of distillers dried grains with solubles were produced, a decline of 5% on both the month and the year.
Soybean crush numbers were mixed. 187 million bushels of beans were crushed in April 2023, down 11 million from March, but up 6 million from April 2022 as facilities responded to demand for soybean products. Crude soybean oil and soybean meal production were also down on the month but up on the year.
The USDA’s next set of corn for ethanol use and soybean crush projections are out June 9th.
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