USDA released the October Grain Crushings report today; total corn use for fuel alcohol was up 16 percent from October 2020, and up 15 percent from September. Ethanol production in October was a record. For the first two months of the marketing year, ethanol use of corn is 876.83 million bushels, up 4.8 percent over the same period in 2020.
Meanwhile, ethanol production remained strong through the first three weeks of November. For the September-November period (MY Q1) ethanol production is running 101 percent of the same period in 2019, and 108 percent of 2020.
As we reported on 1 November, EIA is forecasting CY 2022 at an average of 1 million barrels per day. That compares to 1.03 million barrels per day in CY 2019.  ...
What You Need to Know Today: Market attention is shifting toward Tuesday’s USDA WASDE report, with analysts anticipating a modest reduction in U.S. corn production estimates and an increase in soybean production. The report could provide fresh direction for grain markets as traders reass...
Key Takeaways: WPI’s forecasts call for physical U.S. soybean crushing margins to weaken over the next four months and average $4.44/bushel by late February, while CBOT futures margins should rise modestly to about $2.40/bushel. A key catalyst for this is the expectation that U.S...
The election is over – for the most part. Counting is still underway in some states, including Alaska, where a ranked-choice voting system is in place for the Senate race, and Mississippi, as well as in some House districts. But as of now, Democrats have secured at least 54 Senate seats,...
