Corn futures rallied on Wednesday ... This morning’s EIA report showed ethanol production dropping 84,000 barrels per day in the week ending on January 24 to 1.015 million bpd.
According to USDA’s World Agricultural Supply and Demand Estimates, corn used in ethanol fell from a high of 5 billion bushels in 2011 to 4.65 billion bushels in 2012. This year, USDA expects 4. ...