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...
World Perspectives, Inc. is pleased to announce a new member to our team. Cortney Zimmerman joined WPI in January as the Communications Manager. In this role, she supports the editing, production, and publication of the firm’s market analysis and written reports, working closely with anal...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
What You Need to Know Today: Excitement over China’s agreement to purchase $17 billion of U.S. ag commodities subsided, as traders are cautious amid the yet-unspecified allocation of those purchases. Monday’s Crop Progress report did not significantly change the narrative for corn...
