People are also reading…
“Prices were $.02-$.03 higher today with spreads also firming. The Dec-25/Mch-26 spread jumped out to a 6 month high at -$.12 1/2. Inside trade for Dec-25 futures having held support at yesterday’s low in overnight trade. U.S. rains over the balance of the week will favor the Southern Plains and southwest Midwest. Light totals around the Great Lakes region with the NW mostly dry until early next week. Ethanol production jumped to 1,112 tbd, or 327 mil. gallons in the week ended Fri. Oct. 17th, up from 316 mil. the previous week and up 3% from YA. Production was above expectations and a new MY high. There was 111 mil. bu. of corn used in the production process, or 15.8 mil. bu. per day, well above the 15.4 mbd needed to reach the USDA corn usage estimate of 5.60 bil. bushels,” according to Mark Soderberg with ADM Investor Services.





