US ethanol production through the week ending April 28th totaled 289.9 million gallons, down fractionally from the previous week and compared to 272.5 million on this week in 2016. Cumulative weekly ethanol production through April 28th rests at 10.5 Bil Gal, up 5% from last year, and so the USDA’s call for record corn use…
A cooler U.S. pattern is ahead.
Late spring U.S. soil moisture regime is becoming wetter while the ENSO forecast favors neutral ENSO for summertime. The combination of each supports a less warm and wetter summer climate ahead.
** AgResource Daily Cattle Analysis: Cattle futures finished sharply mixed at the end of another emotional day of trading on Tuesday, and a mixed outlook is offered for early trade this morning. Strong demand again developed just after the open on Tuesday and most months again rallied to new contract highs in early trading. However,…
** 6:30 AM CST CBOT Prices: July soybeans are up 1.00 cent at $9.6975, July corn is down 1.0 cents at $3.715 while July Chi wheat is down 5.75 cents at $4.4825. ** AgResource AM Grain & Oilseed Comment: Good Morning! It has been a mixed and slower overnight CBOT trade. Corn, wheat and…
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