July Corn Eyes March Lows April 26, 2023
The weekly EIA report held mixed news. Positive, general gasoline usage last week was +1.1% from the last normal driving season, 2018/19. That was a positive rebound after two low weeks, -10% and -9%. Negative, ethanol production last week was only 967,000 barrels per day. This was disappointing at -8% from the last normal year. Recent weeks had been strong. Year to date production is -3.3% which is just under USDA’s goal of -2.4%. We are okay with the current light discrepancy.
Please login to your premium subscription to view this content in its entirety.
Post Archives
Allendale Insider
Allendale Insider
On The Go
-
Will fed cattle futures make it a third week of better trade?
May 31, 2023
-
Debt-limit concerns now have a new opponent, June weather
May 31, 2023
-
Debt-limit concerns now have a new opponent, June weather.
May 31, 2023
-
First Crop Rating Of The Year Just Below Expectations
May 30, 2023
-
Funds near record hog futures lows last Tuesday. Likely at new lows currently.
May 30, 2023
On The Go
May 31, 2023
May 31, 2023
May 31, 2023
May 30, 2023
May 30, 2023
Market Movers
Market Movers
Snapshots
Snapshots