“Prices recovered late to close within $.01 ½ of unchanged as spreads weakening. Support for Mch-26 is at this month’s low of $4.24 as prices remain rangebound between $4.15-$4.40. The USDA announced a flash sale of 230.6k mt (9 mil. bu.) to an unknown buyer. EIA data showed ethanol production rebounded to 1,110 tbd, or 326 mil. gallons in the week ended Fri. Feb. 6, up from 281 mil. gallons the previous week. Production was above expectations and up 2.6% from YA. There was 110 mil. bu. used in the production process, or 15.72 mil. bu. per day, above the 15.36 needed to reach the USDA forecast of 5.60 bil. bu. In the MY to date there has been 2.439 bil. bu. used, or 15.34 mbd, an annualized pace of 5.60 bil. The average U.S. Farm price at $4.10 appears a bit high historically with a 12.9% stocks/use ratio. Global stocks/use among major exporting countries slipped to 10.2% in Feb-26, down from 10.5% in January. Tomorrow’s export sales are expected to range between 25-60 mil. bu.,” according to Mark Soderberg with ADM Investor Services.