USDA released the September Grain Crushings report today; total corn use for fuel alcohol was down 2 percent from August, but up 1 percent from September 2020, starting the marketing year off in the right direction. Moreover, ethanol production for the week ending 22 October hit 1.106 million barrels per day, its highest level since the record weekly output of the last week in November 2017. That follows a strong two prior two weeks of production over 1 million barrels per day, the first sustained 1 million barrels per day production level since the last week of July.
Ethanol production in October, based on data from the first three weeks, could be an estimated 15 percent higher month over month.
If normal patterns of monthly p...
What You Need to Know Today: This time of year, grain markets are often just one weather forecast away from a sharp rally, and today's hotter, drier outlook provided the catalyst for significant gains in corn and soybean futures. Livestock markets were relatively quiet by comparison, with most...
The final reading for real GDP growth in Q1 was revised upward to a 2.1 percent rate from a prior estimate of 1.6 percent, but the underlying details show a weaker mix. The stronger headline reflected a large upward revision to net exports, along with smaller upward adjustments to inventories a...
Corn Argentina Argentina's corn harvest has reached 52.9 percent of the national harvestable area, with an average yield of 8.15 MT/ha. Harvest continues at a moderate pace because of high grain and field moisture, particularly across central and southern Buenos Aires Province. Over the past se...
