February 9, 2023
BY Erin Krueger
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The USDA expanded its forecast for 2026-’27 corn use in ethanol in its latest World Agricultural Supply and Demand Estimates report, released Oct. 9. The forecast for season-average corn prices was revised down.
The USDA on Oct. 9 released its latest Crop Production report, increasing its forecasts for 2026 corn production and corn yields. The agency also increased its 2026 forecasts for sorghum production and yields.
The USDA on Oct. 6 announced a $180 million investment to launch the USDA’s Seed Sovereignty Initiative, a major effort to both strengthen U.S. agricultural security by protecting the plant genetic resources and enabling ag innovation.
According to the USDA, President Trump’s executive order that lifts taxes on dyed-diesel is expected to represent approximately $640 million in combined federal and state savings across about 224.6 million harvested acres.
U.S. biofuel producers consumed 31.275 billion pounds of feedstock in July, up nearly 3% when compared to June and up nearly 7% when compared to July 2025, according to data released by the U.S. Energy Information Administration on June 30.