RSS
October 16, 2007 | Jim Lane | Comments 1

USDA confirms corn forecast, reduces demand projections for ethanol

The USDA confirmed its 2007 corn production estimate of 13.3 billion bushels, lowered its soybean production estimate to 2.6 billion bushels from 2.62 billion, and reduced its projected use of corn by the ethanol industry in 2007-08 for the second month in a row.

The revised 2007-08 corn ethanol forecast is 3.2 billion bushels, down from 3.4 billion forecast in August. For the year ending August 31, 2007, the corn ethanol industry used 2.1 billion bushels. At current industry yields of 2.7 gallons per bushel, this translates to 8.6 billion gallons of ethanol.

Entry Information

Filed Under: Producer NewsResearch

Related Stories


  • USDA cuts corn demand forecast for ethanol by 7.5 percent, citing oil price impact
  • In Washington, the USDA cut its December forecast of corn demand from the ethanol sector by 7.5 percent from November, to 3.7 billion bushels annually. The department projected that the drop in oil pr...
  • USDA drops Minnesota corn forecast to 1.185 billion bushels; still 2nd highest in history
  • The U.S. Department of Agriculture reduced its forecast for the Minnesota corn crop to 1.185 billion bushels, owing to wind damage. The projected crop, after the adjustment, will be the second-highest...
  • Global ethanol demand to rise 20 percent per year through 2011: study available
  • Bharatbook.com said that global ethanol demand will increase 20 percent per year through 2011, in releasing its four-year ethanol demand forecast. The forecast covers 17 countries with projections for...
  • Australian study confirms greenhouse gas emission reductions from biodiesel blends
  • In Australia, a CSIRO report confirms that the use of B2 biodiesel made from tallow reduces greenhouse gas emissions by 1.5 percent, while the use of B20 results in a 15 percent reduction in greenhous...
  • USDA releases details of 2007 US corn harvest forecast: 13.3 billion bushels, 155.8 bushels per acre
  • The USDA released details of its 13.3 billion bushel corn harvest projection. The  September World Agricultural Supply and Demand Estimates (WASDE) report estimated corn yields at a near-record 155...
  • Doan projects 89 million acres of corn in 2009, strong prices based on 12.3 billion bushel demand
  • New projections from Doan Advisory Services include 89 million acres of corn planted, up from 86 million in 2008, and projected strong prices for corn based on a demand of 12.3 billion tons including ...

    RSSComments: 1  |  Post a Comment  |  Trackback URL

    1. Like any new industry, the corn to ethanol business is growing (literally) with the usual pains. Let’s hop everybody wins–which unfortunatley usually doesnt happen–and the inefficient are left behind.

    RSSPost a Comment  |  Trackback URL

    You must be logged in to post a comment.