Plummeting ethanol production erodes global corn demand

By Grain Brokers Australia
March 24 2020 - 4:00pm
There are reports that US ethanol grind may decline by 20pc. That equates to an annualised decrease in US corn disappearance of 28 million tonnes and a significant increase in US ending stocks. Photo by Shutterstock.
There are reports that US ethanol grind may decline by 20pc. That equates to an annualised decrease in US corn disappearance of 28 million tonnes and a significant increase in US ending stocks. Photo by Shutterstock.

Chinese purchases of US grains have been quite scant since the coronavirus epidemic hit the country, despite the phase one trade agreement being signed by both nations back in January.

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