Market analysts say the long-awaited USDA supply and demand report had no major surprises, but there were some unexpected details. University of Wisconsin-River Falls Economist Brenda Boetel tells Brownfield most analysts were expecting corn use for ethanol to drop much more than it did. “Personally, I was thinking it would go down by close to 100-million bushels, and they actually only reduced it by about 25-million bushels, but where it was a bigger reduction was actually feeding residual.
Continue reading Analysts see few surprises in supply and demand report at Brownfield Ag News.
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