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Ethanol production modestly lower on week

U.S. ethanol production was slightly lower last week as stocks grew. The U.S. Energy Information Administration says ethanol production averaged 1.023 million barrels a day, down 49,000 on the week, but up 5,000 on the year. Ethanol stocks rose to a three-week high at 23.222... Read More.

U.S. cotton, rice ending stocks down modestly

The USDA tightened the domestic balance sheets for cotton and rice just a little bit. U.S. rice ending stocks are pegged at 41.5 million hundredweight, 1 million below February on a higher export estimate, now at 88 million tons. The average 2023/24 farm price... Read More.

Corn, wheat close mostly modestly higher

Soybeans were modestly lower on fund and technical selling. Brazil is expected to make good harvest progress this week and 83% of Argentina’s crop is rated fair to excellent. Both countries are expected to see generally beneficial near-term rainfall. The USDA’s updated supply... Read More.

Corn up modestly, soybeans close firm

Soybeans were modestly higher on short covering and technical buying, finding some support near the recent lows. Soybeans continue to monitor development and harvest conditions in South America. Argentina’s in generally good shape, while Brazil’s harvest should hit the halfway point very soon,... Read More.

Soybeans fall as corn finishes modestly lower

Soybeans were lower on fund and technical selling, managing to finish just above the session lows. U.S. export sales were a marketing year low at just 6 million bushels, reflecting Brazil’s hold on the market due to a price advantage. March beans traded... Read More.