Market Update

Volatility continues to linger on the grains markets, as wheat saw limit down on today on the CME, dropping the price to $10.69. Corn futures were lower by $0.28/bu to $7.30, soybeans down $0.950/bu to $16.49, and soybean meal rescinded by $6.00/st to $478.00. Uncertainty still lingers for grains as the war persists, creating larger than expected implications for the overall market, leading to continued instability.

Ethanol Processing Margin Higher for Third Straight Week

Weekly ethanol production slightly decreased this week by 2 thousand barrels per day to a 1.026 million barrel-per-day average for the week ending March 11, 2022. The production decline was above analyst expectations of 1.013 to 1.035, averaging 1.024 barrels per day. Ethanol output was less than one percent below last week but remains above year ago…