Source:  Rita Jane Gabbett, MEATINGPLACE.COM, 11/10/10

USDA raised its forecast for corn use for ethanol in the 2010/11marketing year that began Sept. 1 by 100 million bushels to 4.8 billion bushels.

The use forecast compares to 4.568 billion bushels used for ethanol in the 2009/10 year and 3.709 billion bushels in 2008/09.

In its World Supply and Demand Estimates report, USDA noted record October ethanol production indicated by weekly Energy Information Administration data and favorable ethanol producer margins.

The report also noted that higher ethanol exports and lower imports are expected to add to corn use for ethanol as high sugar prices limit the availability of ethanol imports from Brazil.

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