USDA keeps 2026-27 corn-for-ethanol outlook unchanged at 5.6 billion bushels
USDA left 2026-27 corn-for-ethanol demand at 5.6 billion bushels while trimming the current crop year to 5.55 billion. Bigger exports, not ethanol, drove the July balance sheet lower.
USDA on July 10 left its 2026-27 corn use in fuel ethanol unchanged at 5.6 billion bushels, while cutting the 2025-26 estimate to 5.55 billion bushels from 5.575 billion.
The July 10 World Agricultural Supply and Demand Estimates update tied the 2025-26 revision to observed grain crush and ethanol production data to date. That compared with 5.436 billion bushels of corn used for fuel ethanol in 2024-25.
USDA cut beginning stocks by 125 million bushels to 2.0 billion, raised total use by 50 million bushels on stronger exports, and projected ending stocks at 1.8 billion bushels, down 170 million from June. USDA left the 2026-27 season-average farm price unchanged at $4.40 per bushel and kept yield at 183.0 bushels per acre.
The June 30 Acreage report put U.S. corn planted area at 95.3 million acres in 2026, down 3% from a year earlier. The June 30 Grain Stocks report put corn inventories in all positions at 5.29 billion bushels on June 1, up 14% from June 1, 2025, while March-May 2026 disappearance reached 3.74 billion bushels.
The National Corn Growers Association put U.S. growers’ 2025 corn production at a record 17.02 billion bushels on 98.8 million acres, worth $70.1 billion. Weekly Energy Information Administration data put U.S. fuel ethanol production at about 1.093 million barrels per day for the week ending July 3, 2026.
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