Headlines
- Grains mixed in the overnight
- Ethanol production climbs as stocks fall
- Export sales miss the mark this week
- WASDE
Weekly Ethanol Production Climbs
Ethanol production increased this week to 1.040 million bpd, up from 1.032 million bpd LW. TW production was 3.4% above last year during the same week, while cumulative YTD ethanol production has averaged 2.3% above LY. U.S. Ethanol stocks declined to 21.964 million barrels from 22.142 million barrels LW. Stocks remain below LY by 4.7%.
Export Sales
Wheat, corn and soymeal all missed analyst estimates when it came to export sales this morning. Old crop wheat sales were down 85% from LW. Old crop corn sales were down 32% from LW. Soymeal reported a marketing year low, down 63% from LW.
|
Actual |
Estimated |
Last Week |
|
|
Wheat-OC |
35 |
0-350 |
234 |
|
Wheat-NC |
48 |
200-350 |
210 |
|
Corn-OC |
695 |
700-1,000 |
1,019 |
|
Corn-NC |
90 |
50-300 |
49 |
|
Soybeans-OC |
354 |
300-600 |
416 |
|
Soybeans-NC |
278 |
100-300 |
469 |
|
Soymeal-OC |
90 |
100-400 |
246 |
|
Soymeal-NC |
-6 |
- |
61 |
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