The National Agricultural Statistics Service (NASS) of the United States Department of Agriculture (USDA) has released its latest report on grain crushings and co-products production and Oilseed Crushings, Production, Consumption and Stocks for May 2024. The report provides detailed insights into corn and oilseed usage, highlighting notable changes compared to previous months and the previous year.
Corn Usage:
- Total corn consumed for alcohol and other uses was 508 million bushels in May 2024, marking an 8% increase from April 2024 and a 3% rise from May 2023.
- Of the total corn usage, 91.4% was for alcohol production and 8.6% for other purposes.
- Corn for beverage alcohol totaled 3.75 million bushels, a decrease of 10% from April 2024 and 27% from May 2023.
- Corn for fuel alcohol reached 454 million bushels, up 7% from April 2024 and 3% from May 2023.
- In dry milling, 92.2% of corn was used for fuel production, while 7.8% was used in wet milling.
Co-Products:
- Distillers dried grains with solubles (DDGS) production was 2.00 million tons in May 2024, a 14% increase from April 2024 and an 18% increase from May 2023.
- Distillers wet grains (DWG) with 65% or more moisture totaled 1.21 million tons, down 3% from April 2024 and 8% from May 2023.
- Wet mill corn gluten feed production was 270,292 tons, up 14% from April 2024 and 2% from May 2023.
- Wet corn gluten feed (40-60% moisture) production was 209,016 tons, up 5% from April 2024 and 8% from May 2023.
Oilseed Crushings:
- Soybeans crushed for crude oil totaled 5.76 million tons (192 million bushels) in May 2024, up from 5.33 million tons (178 million bushels) in April 2024 and 5.68 million tons (189 million bushels) in May 2023.
- Crude soybean oil production was 2.27 billion pounds, an 8% increase from April 2024 and a 2% increase from May 2023.
- Once refined soybean oil production was 1.78 billion pounds, a 4% increase from April 2024 but a 3% decrease from May 2023.
- Canola seeds crushed for crude oil totaled 143,469 tons in May 2024, down from 188,515 tons in April 2024 but up from 140,590 tons in May 2023.
- Crude canola oil production was 117 million pounds, down 24% from April 2024 but up 2% from May 2023.
- Once refined canola oil production was 115 million pounds, down 23% from April 2024 but up 7% from May 2023.
- Cottonseed once refined oil production was 30.9 million pounds, up 10% from April 2024 and 24% from May 2023.
- Edible tallow production was 88.0 million pounds, up 17% from April 2024 and 5% from May 2023.
- Inedible tallow production was 325 million pounds, up 4% from April 2024 but down 3% from May 2023.
- Technical tallow production was 134 million pounds, up 6% from April 2024 and 21% from May 2023.
- Choice white grease production was 90.4 million pounds, down 8% from April 2024 and 23% from May 2023.
The detailed statistics from this report provide valuable insights into the current trends in corn and oilseed usage, highlighting shifts in production and the impacts on related co-products. For more information, visit the USDA's National Agricultural Statistics Service website.
