Egypt’s GASC Pays the Lowest FOB Price Since Sep’20 for Wheat. BUT, …, Pays The Most for Freight In At Least Six Years.
Summary: Today, Egypt’s GASC purchased 180,000 MT of wheat from Romania for shipment in Sep 11-20. The average FOB price paid was $231.88 MT. That is down $6.50 MT from the average price paid at a last week’s tender. The cheapest Russian offer was $6.67 MT above the Romanian offers that GASC accepted. The average…
12Z GFS Forecasts 114F in Minneapolis July 24th
ALERT: Minneapolis 114F July 24th. Fig. 1: The midday 12Z GFS projects 117F on the Minnesota/North Dakota state line on Saturday July 24. 110-112F is common in North/South Dakota. Minneapolis surges to 114F! Fig. 2-3: The midday 12Z GFS trended slightly warmer in the western Great Plains and cooler in Ontario during the 6-10-day period.…
US Ethanol Production and Stocks Decline But Gasoline Consumption Remains Slightly Above 2019 Levels.
Summary: US ethanol production was down 2.5% this past week which was in line with expectations. Ethanol stocks slipped less than 1% . Gasoline consumption was down but is slightly higher than what it was in 2019! Futures-based ethanol producer margins on Jul 13 were -4.20 cents/gln, down 67 cents from the previous week. Blender margins were…
