USDA data shows corn used to make ethanol and other fuels increased month-to-month in June but were down year-over-year. The amount of corn used to make fuel alcohol was 442.5 million bushels during June, up from 439 million in May. But that was down from the 444.2 million bushels processed during the same month in 2022.
The bulk of the corn, at 407.7 million bushels, was used in dry milling, and the rest was wet-milled. Dried Distiller’s Grain production fell six percent on a monthly basis to 390,664 metric tons. The output of DDGs with solubles rose five percent to 1.79 million tons. Processors are expected to use 5.23 billion bushels of corn to produce ethanol in the 2022-2023 marketing year that ends on August 31.
Corn use is forecast to rise to 5.3 billion bushels in the next marketing year. Production is projected to be 13.73 billion bushels this year.