Corn for ethanol use remains restricted by reduced demand caused by lower travel levels influenced by COVID-19, while solid export demand led to a strong month for the soybean crush.
The USDA says 431.661 million bushels were used for fuel alcohol production in November 2020, down 1% from October and 5% below November 2019. Lower ethanol numbers are also impacting production of a byproduct used for livestock feed. Production of distillers dried grains with solubles was 1,794,035 tons, 2% less than the previous month and 5% below the year before.
