Ethanol Production and Stocks Preview

A Dow Jones survey of ethanol analysts expects ethanol production to climb and ethanol stocks to fall.  Expectations are that tomorrows report will show up to a 20,000 barrel a day increase in production.  If achieved, production would be at a two-week high of 961 thousand barrels a day.  Analysts are also forecasting a decline in ethanol stocks to anywhere between 20.15 million barrels to 20.47. Should stocks decline, this will be the fourth consecutive week that stocks moved lower.

Soil Moisture Remains a Concern in The Great Plains States

Corn growing states have 17 of 18 states reporting progress, cotton states are up to 9 of 15 reporting, and soybeans and peanuts released their first progress report. Two percent of the corn crop has emerged.  USDA March planting intentions for corn are 91.1 million acres.  The…