Summary: US ethanol production rose fractionally and remains at a multi-month high. Ethanol stocks rose about 1%. Gasoline consumption was up and is 4% more than in 2019 (Pre-Pandemic). Ethanol producer margins were $0.73/gln, down 23 cents from the previous week. Blender margins were 1.69 cents/gln, down 1.41 cents from last week which was 6-month high.…
Midwest Ethanol Margins have leveled off, with current calculations ranging from $.45/gallon in IL and WI, to $.67/gallon in SD. On a per bushel basis, the average cash margin pencils out to more than $1.60/bushel. However, the average margin this week is still more than $.50/gallon higher than the 2016-2021 average Since 2009, there have…
Soybean exports were up 213,000 MT from the previous week but cumulative exports are down 1.2% from a year ago. USDA projects total global soybean exports to be UP 5.0% from a year ago. This week’s report marks the fourth of the international trade year for soybeans. Corn exports were down 1,000 MT from the previous week and…
Highlight: East is warmer days 6-10; Southeast cooler days 11-15. Mega-clusters see cold risk into East beyond day-15. Climate Signals ALERT Chart Days 6-10 Days 11-15 Arctic Oscillation Neutral Negative North Atlantic Oscillation Neutral Weak Negative Pacific North America Neutral Positive West Pacific Oscillation Negative Negative East Pacific Oscillation Weak Positive Weak Negative Madden…
AgResource Farm Marketing Advice for Wednesday: 1/ Wheat Producers: Sell 25% of the 2021 wheat crop at $7.98 basis December wheat futures. This would push 2021 wheat sales to 50%. 2/ Wheat Producers: Sell 20% of the 2022 wheat crop at $7.95 basis July 2022 wheat futures. This is our 1st sale for the 2022…
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