Inflation And Ethanol Discussed Today May 11, 2022
The inflation reminder helped add to corn's price support. Weekly ethanol numbers were still low, though a slight improvement from prior. December is only 21 1/4 cents from its 4/29 highs. The market will likely continue to trade with a slight yield risk as this week's planting will realistically be unable to overcome its deficit. USDA updates old crop numbers, and starts the new crop balance sheet, tomorrow.
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