The first big crop report of the season is due out on Thursday and the ethanol industry is ready to interpret what it means for them.

Following the release of the U.S. Department of Agriculture’s prospective plantings forecast in the morning, the Renewable Fuels Association (RFA) will host a webinar to detail what the report means and how America’s supply of corn and the demand from ethanol production play into food pricing.

The webinar, “Understanding the 2011 Planting Outlook, Ethanol, and Food Pricing,” will be presented by RFA Vice President of Research and Analysis Geoff Cooper at 10:00 AM Eastern on Thursday. It is free to join in, all you have to do is RSVP by emailing Taryn Morgan at tmorgan@ethanolrfa.org.