date:Aug 02, 2013
duction is estimated at 87.4 million bushels which takes this crop year's cumulative usage for ethanol production to 4.08 billion.
Corn use needs to average 100.50 million bushels per week to meet this crop year's USDA estimate of 4.6 billion bushels. Stocks were estimated at 16.45 million barrels, down a whopping 4.67% vs. last week and also down 15.20% vs. last year.
The reported noted that the US imported ethanol for the 4th consecutive week but implied demand jumped to 6.72 million barrels