Corn for ethanol use, soybean crush down in December
Corn for ethanol use dropped in December following winter weather that delayed transportation and cut back schedules, which were also affected by the holidays.
The USDA says 425.283 million bushels of corn were used for ethanol production, a decrease of 6% from November and 11% from December 2021.
Production of distillers dried grains with solubles was 1,679,600 tons, 6% under the previous month and 19% below last year due to that lower ethanol production.
The U.S. soybean crush was also down in December. That was due to tight supplies and reduced schedules due to the holidays and winter weather, with U.S. crush margins still firmly in positive territory, reflecting solid demand.
The crush of 187 million bushels was down 2 million from November and 11 million less than December 2021.
Soybean oil production was down on the month and the year and while soybean meal production did improve from the prior month, it was below last year.
The USDA’s next corn for ethanol use and soybean crush estimates are out February 8th.