Summary: US ethanol production rose 2.5%. However, ethanol stocks dropped 3.2%, falling to their 2nd lowest level this year. Ethanol producer margins on Oct 21 were 24.26 cents/gln, down from the previous week’s 37.25 cents. Blender margins were 1.88 cents/gln, up from the previous week’s 1.13 cents/gln. The spread between Brazilian and US ethanol prices…
An east-shifting MJO across the West Pacific could cause a rapid breakdown of the day 6-10 chill across the Central U.S.
Summary: In the October WASDE, USDA left their projection for this year’s Ukrainian corn yield unchanged at 7.35 MT/HA (117.1 Bu/Ac). That’s down 6.3% from last year’s yield of 7.84 MT/HA (125.0 Bu/Ac). The most recent Ukrainian harvest report shows that about sixty percent of the crop has been harvested. This year’s yields are slightly LOWER…
Very cold weather is ahead to close October in the Great Plains.
AgResource Farm Marketing Advice for Wednesday: 1/ Corn Producers: Hedge 20% of the 2021 corn crop at $4.24 basis Dec 2021 corn futures. This would price 60% of the 2021 corn crop. 2/ Corn Producers: Sell 15% of your 2019 corn crop if March corn futures reach $4.10. This would push 2019 corn…
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