Summary: US ethanol production rose slightly and set a new multi-month high. Ethanol stocks slipped about 1%. Gasoline consumption was down and is 5% less than in 2019 (Pre-Pandemic), but blender demand rose 1%. Ethanol producer margins were $1.02/gln, down 5 cents from the previous week. Blender margins were 0.31 cents/gln, up 0.03 cents and a…
USDA will release selected tables of its 10-Year Projections on Nov 5 at 3 PM (EDT). I’m not sure what “selected” tables will be released but here are the Top 3 things I’ll be looking for: US 2022 corn and soybean acres, US biofuel consumption of soyoil next 5 years, and China imports of corn…
AgResource Farm Marketing Advice for Wednesday: 1/ No new advice. 6:30 CT CBT Prices: Nov soybeans are down 7.50 cents at $12.305, Dec corn is down 2.50 cents at $5.41 with Dec Chi wheat down 2.50 cents at $7.4975. AgResource Morning Grain/Soy Comment & Analysis: Good Morning! Risk off has been the theme overnight as…
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