Ethanol Production

Reference Case

Millions of Gallons

2017 2022

Corn Ethanol from Wet Mill Process 1,281 1,311

Corn Ethanol from Dry Mill Process 10,009 10,969

Sorghum Ethanol 3 16

Sweet Sorghum Ethanol 18 6

Bagasse Ethanol 185 229

Sweet Sorghum Pulp Ethanol 65 22

Control Case

Millions of Gallons

2017 2022

Corn Ethanol from Wet Mill Process 1,391 1,391

Corn Ethanol from Dry Mill Process 13,594 13,594

Sweet Sorghum Ethanol 30 30

Switchgrass Ethanol 3,876 7,939

Softwood Logging Residue Ethanol 33 36

Hardwood Logging Residue Ethanol 75 74

Bagasse Ethanol 581 614

Corn Residue Ethanol 0 4,864

Wheat Residue Ethanol 42 77

Sweet Sorghum Pulp Ethanol 107 110

Corn Only Case

Millions of Gallons

2017 2022

Corn Ethanol from Wet Mill Process 1,391 1,391

Corn Ethanol from Dry Mill Process 10,007 10,966

Sweet Sorghum Ethanol 23 25

Switchgrass Ethanol 3,935 8,163

Softwood Logging Residue Ethanol 33 36

Hardwood Logging Residue Ethanol 75 73

Bagasse Ethanol 589 633

Corn Residue Ethanol 0 4,606

Wheat Residue Ethanol 0 110

Sweet Sorghum Pulp Ethanol 81 91

Soybean Biodiesel Only Case

Millions of Gallons

2017 2022

Corn Ethanol from Wet Mill Process 1,391 1,391

Corn Ethanol from Dry Mill Process 13,594 13,594

Sweet Sorghum Ethanol 30 30

Switchgrass Ethanol 3,918 8,233

Softwood Logging Residue Ethanol 33 36

Hardwood Logging Residue Ethanol 75 73

Bagasse Ethanol 580 630

Corn Residue Ethanol 0 4,531

Wheat Residue Ethanol 0 99
Sweet Sorghum Pulp Ethanol 107 110

High Yield Reference Case

Millions of Gallons

2017 2022

Corn Ethanol from Wet Mill Process 1,281 1,311

Corn Ethanol from Dry Mill Process 10,009 10,969

Sorghum Ethanol 3 22

Sweet Sorghum Ethanol 18 0

Bagasse Ethanol 185 167

Corn Residue Ethanol 0 83

Sweet Sorghum Pulp Ethanol 65 0

High Yield Control Case

Millions of Gallons

2017 2022

Corn Ethanol from Wet Mill Process 1,391 1,391

Corn Ethanol from Dry Mill Process 13,594 13,594

Sweet Sorghum Ethanol 30 30

Switchgrass Ethanol 187 3,228

Softwood Logging Residue Ethanol 0 36

Hardwood Logging Residue Ethanol 75 74

Bagasse Ethanol 515 637

Corn Residue Ethanol 3,829 9,628

Sweet Sorghum Pulp Ethanol 107 110

High Yield Corn Only Case

Millions of Gallons

2017 2022

Corn Ethanol from Wet Mill Process 1,391 1,391

Corn Ethanol from Dry Mill Process 10,007 10,966

Sweet Sorghum Ethanol 23 25

Switchgrass Ethanol 191 3,639

Softwood Logging Residue Ethanol 0 36

Hardwood Logging Residue Ethanol 75 74

Bagasse Ethanol 515 636

Corn Residue Ethanol 3,852 9,237

Sweet Sorghum Pulp Ethanol 81 91

High Yield Soybean Biodiesel Only Case

Millions of Gallons

2017 2022

Corn Ethanol from Wet Mill Process 1,391 1,391

Corn Ethanol from Dry Mill Process 13,594 13,594

Sweet Sorghum Ethanol 30 30

Switchgrass Ethanol 172 3,245

Softwood Logging Residue Ethanol 0 36

Hardwood Logging Residue Ethanol 75 74

Bagasse Ethanol 516 634

Corn Residue Ethanol 3,844 9,615

Sweet Sorghum Pulp Ethanol 107 110
Biodiesel Production

Reference Case

Millions of Gallons

2017 2022

Soybean Oil Biodiesel 104 120

Edible Tallow Biodiesel 23 24

Non-Edible Tallow Biodiesel 46 48

Lard Biodiesel 16 23

Yellow Grease Biodiesel 169 171

Control Case

Millions of Gallons

2017 2022

Soybean Oil Biodiesel 659 659

Edible Tallow Biodiesel 23 24

Non-Edible Tallow Biodiesel 47 48

Lard Biodiesel 53 55

Non-Food Grade Corn Oil Biodiesel 542 681

Yellow Grease Biodiesel 257 253

Corn Only Case

Millions of Gallons

2017 2022

Soybean Oil Biodiesel 659 659

Edible Tallow Biodiesel 23 24

Non-Edible Tallow Biodiesel 47 48

Lard Biodiesel 54 55

Non-Food Grade Corn Oil Biodiesel 409 558

Yellow Grease Biodiesel 256 253

Soybean Biodiesel Only Case

Millions of Gallons

2017 2022

Soybean Oil Biodiesel 104 120

Edible Tallow Biodiesel 23 24

Non-Edible Tallow Biodiesel 47 48

Lard Biodiesel 54 55

Non-Food Grade Corn Oil Biodiesel 540 680

Yellow Grease Biodiesel 258 253

High Yield Reference Case
Millions of Gallons

2017 2022

Soybean Oil Biodiesel 104 120

Edible Tallow Biodiesel 23 24

Non-Edible Tallow Biodiesel 46 48

Lard Biodiesel 16 22

Yellow Grease Biodiesel 169 171

High Yield Control Case

Millions of Gallons

2017 2022

Soybean Oil Biodiesel 659 659

Edible Tallow Biodiesel 23 24

Non-Edible Tallow Biodiesel 46 48

Lard Biodiesel 54 55

Non-Food Grade Corn Oil Biodiesel 542 681

Yellow Grease Biodiesel 257 253

High Yield Corn Only Case

Millions of Gallons

2017 2022

Soybean Oil Biodiesel 659 659

Edible Tallow Biodiesel 23 24

Non-Edible Tallow Biodiesel 47 48

Lard Biodiesel 54 55

Non-Food Grade Corn Oil Biodiesel 409 558

Yellow Grease Biodiesel 256 253

High Yield Soybean Biodiesel Only Case

Millions of Gallons

2017 2022

Soybean Oil Biodiesel 104 120

Edible Tallow Biodiesel 23 24

Non-Edible Tallow Biodiesel 47 48

Lard Biodiesel 54 55

Non-Food Grade Corn Oil Biodiesel 540 680

Yellow Grease Biodiesel 258 253
Acres and Yields

Corn Acres

Thousands of Acres

Base Yield

2017 2022

Reference Case 78,723 77,902

Control Case 83,596 81,465

Corn Only Case 79,115 77,818

Biodiesel Only Case 84,347 82,030

High Yield

2017 2022

Reference Case 70,230 66,736

Control Case 75,342 71,025

Corn Only Case 70,417 68,821

Biodiesel Only Case 75,520 71,115

Corn Yields

Bushels per Acre

Base Yield

2017 2022

Reference Case 175.45 186.28

Control Case 174.48 185.10

Corn Only Case 174.72 185.31

Biodiesel Only Case 174.44 185.32

High Yield

2017 2022

Reference Case 204.35 232.08

Control Case 202.82 232.89

Corn Only Case 204.00 232.85

Biodiesel Only Case 203.51 232.81

Soybean Acres

Thousands of Acres

Base Yield

2017 2022

Reference Case 67,258 68,060

Control Case 67,193 66,631

Corn Only Case 69,014 67,968

Biodiesel Only Case 63,358 63,118

High Yield

2017 2022

Reference Case 65,496 65,105
Control Case 67,551 64,109

Corn Only Case 68,171 65,188

Biodiesel Only Case 63,498 63,737

Soybean Yields

Bushels per Acre

Base Yield

2017 2022

Reference Case 44.44 45.26

Control Case 44.14 45.45

Corn Only Case 44.36 45.52

Biodiesel Only Case 44.39 45.39

High Yield

2017 2022

Reference Case 54.07 60.99

Control Case 53.43 60.24

Corn Only Case 53.82 60.47

Biodiesel Only Case 53.40 60.20
Corn Prices

2007$ per Bushel

Base Yield

2017 2022

Reference Case $3.45 $3.32 

Control Case $3.74 $3.60 

Corn Only Case $3.62 $3.52 

Biodiesel Only Case $3.69 $3.49 

High Yield

2017 2022

Reference Case $3.07 $2.74 

Control Case $3.14 $2.62 

Corn Only Case $3.09 $2.60 

Biodiesel Only Case $3.10 $2.62 

Soybean Prices

2007$ per Bushel

Base Yield

2017 2022

Reference Case $10.02 $9.85 

Control Case $10.97 $10.87 

Corn Only Case $10.70 $10.63 

Biodiesel Only Case $10.52 $10.44 

High Yield

2017 2022

Reference Case $9.08 $8.44 

Control Case $9.31 $8.69 

Corn Only Case $9.25 $8.66 

Biodiesel Only Case $9.10 $8.70 

Soybean Oil Prices

2007$ per Ton

Base Yield

2017 2022

Reference Case $499.79 $483.10 

Control Case $684.70 $666.42 

Corn Only Case $635.75 $624.44 

Biodiesel Only Case $558.57 $540.54 

High Yield

2017 2022

Reference Case $345.14 $275.73 

Control Case $389.93 $345.14 

Corn Only Case $375.73 $345.14 

Biodiesel Only Case $349.37 $308.23 
Corn Production

Millions of Bushels

Base Yield

2017 2022

Reference Case 13,812 14,512

Control Case 14,586 15,079

Corn Only Case 13,823 14,420

Biodiesel Only Case 14,713 15,202

High Yield

2017 2022

Reference Case 14,352 15,488

Control Case 15,281 16,541

Corn Only Case 14,365 16,025

Biodiesel Only Case 15,369 16,556

Soybean Production

Millions of Bushels

Base Yield

2017 2022

Reference Case 2,989 3,080

Control Case 2,966 3,028

Corn Only Case 3,061 3,094

Biodiesel Only Case 2,813 2,865

High Yield

2017 2022

Reference Case 3,541 3,970

Control Case 3,609 3,862

Corn Only Case 3,669 3,942

Biodiesel Only Case 3,391 3,837

Soybean Oil Production

Millions of 1000s of Lbs

Base Yield

2017 2022

Reference Case 19.84 20.56

Control Case 21.20 21.54

Corn Only Case 21.90 22.10

Biodiesel Only Case 18.72 19.12

High Yield

2017 2022

Reference Case 26.51 31.44

Control Case 27.99 30.90

Corn Only Case 28.50 31.64

Biodiesel Only Case 25.03 30.28
Corn Exports

Millions of Bushels

Base Yield

2017 2022

Reference Case 2,191 2,281

Control Case 2,007 2,093

Corn Only Case 2,077 2,149

Biodiesel Only Case 2,025 2,168

High Yield

2017 2022

Reference Case 2,359 2,691

Control Case 2,322 2,813

Corn Only Case 2,345 3,055

Biodiesel Only Case 2,343 2,834

Soybean Exports

Millions of Bushels

Base Yield

2017 2022

Reference Case 970 993

Control Case 833 858

Corn Only Case 862 874

Biodiesel Only Case 897 909

High Yield

2017 2022

Reference Case 917 896

Control Case 855 839

Corn Only Case 870 852

Biodiesel Only Case 900 868

Soybean Oil Exports

Millions of 1000s of Lbs

Base Yield

2017 2022

Reference Case 4.20 4.62

Control Case 2.10 2.25

Corn Only Case 2.52 2.67

Biodiesel Only Case 3.36 3.60

High Yield

2017 2022

Reference Case 9.89 14.08

Control Case 7.34 9.91

Corn Only Case 7.84 10.66

Biodiesel Only Case 8.40 13.21