Corn for ethanol use continues to trend below year ago levels as the industry continues to grapple with slower blending demand because of COVID-19. The USDA says 432.713 million bushels of corn were consumed for fuel alcohol during October, up 8% from September, but down 1% from October 2019. Production of distillers dried grains with solubles was 1,801,395 tons, an increase of 4% on the month, but a decrease of 4% on the year.
Meanwhile, the domestic soybean crush continued to benefit from strong demand for livestock feed and vegetable oils.
