Corn for ethanol use fell in February. The USDA says 399.844 million bushels of corn were used for fuel alcohol production, a decrease of 9% from January and 2% from February 2022. Those declines can be tied to uncertainties about ethanol consumption because of relatively high gasoline prices and poor producer margins. Production of distillers dried grains with solubles was reported at 1,560,717 tons, down 9% on the month and 8% on the year.
There were 177 million bushels of soybeans crushed in the U.S.