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September corn grind, soybean crush both up on year

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Corn for ethanol use during September was larger than expected. The USDA says 430.134 million bushels of corn were used for fuel alcohol production, down 3% from August, but up 12% from September 2022 as producers took advantage of solid operating margins.

Production of distillers dried grains with solubles was 1,700,154 tons, a decrease of 5% on the month, but an increase of 5% on the year.

Domestic soybean crush demand continues to be strong.

September corn grind, soybean crush both up on year