Will farmers social distance themselves from corn?

Apr 15, 2020 at 10:39 AM CST - 1
The April 9 USDA report seemed to factor in a 50% ethanol grind reduction for at least March and April. There may need to be more reductions in future reports if shelter in place continues. The USDA also increased feed usage, likely to make up for reduced DDG production and consumption. With what we know today, these adjustments appear reasonable. Reduced gas consumption due to shelter in place orders will likely impact corn prices for the rest of the year. Normal gas consumption is unlikely for quite some time, and many are hopeful it will be back to at least 80% by the end of summer.

Apr 15, 2020 at 10:39 AM CST

- 1

The April 9 USDA report seemed to factor in a 50% ethanol grind reduction for at least March and April. There may need to be more reductions in future reports if shelter in place continues. The USDA also increased feed usage, likely to make up for reduced DDG production and consumption. With what we know today, these adjustments appear reasonable. Reduced gas consumption due to shelter in place orders will likely impact corn prices for the rest of the year. Normal gas consumption is unlikely for quite some time, and many are hopeful it will be back to at least 80% by the end of summer.