US Ethanol Stocks Surge as Producer Margins Plummet.

Summary: US ethanol production rose 1.8%, surprising some. Blender demand dropped 4.7%.  As a consequence of these developments, ethanol stocks surged 4.0%. Gasoline consumption is down 14% from a year ago. Futures-based ethanol producer margins on Dec 09 were -35.2 cents/gln, down 22.2 cents from the previous week.  Blender margins were -0.56 cents/gln, up 1.04 cents from the…

Brazil Still The World’s Biggest Corn Exporter Last Week.

Summary:  Last week Brazil exported 1.058 MMT corn. The US exported 734,079 MT.  Argentine exports were 257,000 MT.  Ukraine shipped 722,000 MT.  As of Dec 04, Brazil’s total corn export “commitments” for the local marketing year were 32.87 MMT vs 36.80 MMT last year.  Commitments have accounted for 96.7% of projected total annual exports. Ship lineup data indicates…