date:Feb 14, 2014
nce for ethanol in the sector continues, with about 35 percent of total corn use expected to go to ethanol production during the projection period.
USDA sees soybeans competing for corn and other crops for land use, thanks to both growth in domestic livestock use and in exports. China accounts for all of the increase in world soybean exports, USDA says. The U.S. increases its soybean exports, but its share of global soybean trade falls from 38% in 2013-14 to 32% at the end of the decade.