WebApr 11, 2024 · Food, seed, and industrial use is estimated to be 6.690 billion bushels, corn used for ethanol is estimated to be 5.250 billion bushels, and feed and residual use is forecast to be 5.600 billion bushels (USDA). The USDA estimates that the price of corn will be $5.60 a bushel in 2024, a decline of $1.10 from 2024 (USDA). Web2 days ago · Although the export sales are discouraging, it appears domestic demand is going to make up for it. “Corn demand remains very strong. It’s probably one of the more encouraging markets out there,” she added. In other news, U.S producers intend to plant 92 million acres of corn in 2024, up 4 percent from last year, according to the ...
Get Grounded in the Facts: Ethanol and Land Use - Vital by POET
WebAug 24, 2024 · The USDA’s June World Agriculture Supply and Demand Estimates report indicated that the 2024-’21 outlook for corn used for ethanol would total roughly 5.4 billion … WebNov 21, 2024 · 2 Acre (corn) to Gallon (ethanol) conversion is based on average corn crop yields of 120 bushels per acre and 2.55 gallons of ethanol per bushel for average conversion, and 2.60 and 2.65 for best-existing and state-of-the-art productions, respectively. Why are corn prices so high? hilarie burton dawson\u0027s creek
How Much Corn for Ethanol HowStuffWorks
WebThe EPA estimates that the acres of total cropland in the U.S. have dropped from 402 million acres in 2007 (when the RFS was expanded) to 380 million in 2016. The total cropland in the U.S. has stayed fairly constant the past four years, showing that the buildout of the ethanol industry is not changing the total acreage of cropland. WebJan 27, 2024 · On average, U.S. farmers plant about 90 million acres of corn each year, with the majority of the crop grown in the Heartland region. Most of the crop is used … WebMar 1, 2012 · The 12-page report is full of many other corn statistics. For example, it lays out the results of the corn harvest, which was successful despite a challenging year, NCGA said. In the 2011 marketing year, 91.9 million acres of corn were planted, 84 million harvested and 12.4 billion bushels produced. small world child care center jamaica plain