Alto Ingredients Inc (ALTO): These are the first four paragraphs of a...

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Harry Winston

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Wednesday, 07/31/2019 10:59:26 AM

Wednesday, July 31, 2019 10:59:26 AM

These are the first four paragraphs of an article that was published yesterday in Ethanol Producer.

The USDA recently released its Grain Crushings and Co-Products Production report with data from May, reporting that corn consumed for fuel ethanol was up from the previous month, but down when compared to May 2018.

Total corn consumed for alcohol and other uses was 516 million bushels in May, up 5 percent from April but down 2 percent from May 2018. May 2019 usage included 90.9 percent for alcohol and 9.1 percent for other purposes.

Corn consumed for fuel alcohol was at 460 million bushels, up 4 percent from April, but down 2 percent from May 2018. Corn consumed in May for dry milling fuel production and wet milling fuel production was 91 percent and 9 percent, respectively.

The ethanol industry was using more corn in May than it did in April. That's a sign of economic health. The 2% year-over-year decrease is not statistically significant.

The next monthly report is scheduled to be released tomorrow.