In a sign of the times, corn crushed for ethanol in April, during the peak of the COVID-19 lockdown, was down more than 44 percent from April 2019, while corn crushed for alcoholic beverages was up 12 percent from April 2019 according to USDA’s Grain Crushing and Co-Production report released yesterday. Based on the April numbers, WPI estimates that June corn use for ethanol could rebound to 310 million bushels for dry mill ethanol production and 45 million bushels for wet mill production, which would equate to about 1.46 MMT of DDGS production. That DDGS production would be about 80 percent of last April.
Dry mill production of DDGS was 1.01 MMT during April 2020, down 62 percent of March 2020 and down 55 perce...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
