Weekly Ethanol Production Soars to a 21-Month High

Weekly Ethanol Production Soars to a 21-Month High

Trading activity for wheat midds was relatively quiet today, apart from two active trades in the central states. Market participants reported that central states traded down due to rapid fluctuation on the corn board. However, activity in Buffalo was steady, with farm mills continuing to run normal this week.

CME grain prices were mixed today, soybeans experienced a jump of $0.3075 to close at $15.46/bu. Corn, on the other hand, dropped $0.1725 falling to $5.40/bu. Additionally, soymeal rose to $464.70/st with an increase of $10.90. Wheat decreased $0.4025 to settle at $7.20/bu due to weak global demand since prices surged following Russia’s decision to abandon the Black Sea Grains Initiative.

Weekly Ethanol Update

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

11.27.2023

Appeals Court Strikes Down EPA’s Denial of SREs

Appeals Court Strikes Down EPA’s Denial of SREs

*Please Note – Bob Lane was out of the office today and will return on Tuesday, November 28, 2023.

On November 22, a U.S. appeals court struck down a decision...

11.27.2023

Cattle Slaughter Forecast Lower to Close out 2023

Cattle Slaughter Forecast Lower to Close out 2023

The market was very quiet today coming off of the long holiday weekend. Most were getting their logistics and bid/offer ideas ready for the week and looking ahead to...

11.27.2023

Hog Slaughter Forecasted Above 2022 Into December

Hog Slaughter Forecasted Above 2022 Into December

Pressure on ruminant meat and bonemeal continues to be reported on accounts of excess offerings from slowed/diminished export trade. Participants communicated low $200s per short ton on ruminant meat...

Latest Tweets