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| It appears Demand destruction started early as the lost bushels due to imports is the highest since 2012 from the start of the marketing year.
Running 225 million more bushels lost so far this year vs previous 7 years. USDA has us grinding the same amount.
My guess is we end up looking like 2011-2012 and lose 650 million total with margins now and going forward being so bad.
Or around 5.0 billion for the marketing year, 400 million less than now.
Edited by OSUBucks 3/27/2020 12:45
 (ethanol corn conv (full).jpg)
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 ethanol corn conv (full).jpg (87KB - 65 downloads)
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Ethanol imported time series converted to lost corn bushels(Demand destruction)
