U.S. corn use chart


WASHINGTON — In its Feb. 9 World Agricultural Supply and Demand Estimates report, the U.S. Department of Agriculture projected carryover of corn on Sept. 1, 2017, at 2,320 million bus, down 35 million bus from its January forecast but up 583,000 million bus, or 34%, from 1,737 million bus last year. Total supply was unchanged from January at 16,940 million bus. Total use was raised 35 million bus from January based on a 25-million-bu increase in corn used for ethanol at 5,350 million bus in 2016-17 and a 10-million-bu increase in non-ethanol food, seed and industrial use at 1,445 million bus. All soybean and soybean meal projections for 2016-17 were unchanged from January. Soybean oil carryover on Oct. 1, 2017, was raised 25 million lbs to 1,677 million lbs due to a like increase in imports forecast at 300 million lbs.