date:Nov 20, 2013
blending corn-based ethanol to between 12.7 billion and 13.2 billion gallons, down from the current mandate for next year of 14.4 billion gallons. The reduction would equal about 500 million bus less corn used to make ethanol (1 bu of corn produces about 2.8 gallons of ethanol). The U.S.D.A. in its Nov. 8 World Agricultural Supply and Demand Estimates projected 4,900 million bus of corn would go into ethanol production in 2013-14 (September-August).
But some analysts also suggested the lower et