date:Apr 10, 2013
numbers down 58 per cent from a year ago and chances are USDA may lower the final corn export number to 800 million bushels.
Ethanol demand will likely be left unchanged. Ethanol production has increased in recent weeks following lower corn prices and improving margins. Daily ethanol output which was running about 15 per cent below year ago levels in January and February now is down 8 per cent from last year.
USDA will likely want to see a few more weeks of increasing ethanol output before mak