The USDA will release its quarterly Grain Stocks and Acreage reports on June 30. These reports provide important fundamental information that will set the tone for the corn market going into the critical stage of the growing season
In 2011, A co-op in Sidney, NE, discovered chunks of concrete within one bin of their eight-bin grain silo structure. Upon further investigation, they found a large crack and concrete spalls in the silo wall where the subject bin is connected to an adjacent bin.
While there are obvious limitations to the explanatory power of a single price factor in a market in which price is determined by the dynamics of a number of supply and demand factors, the corn market clearly reacts to the USDA forecast of marketing year ending stocks contained in monthly WASDE reports.
Kansas State University Feed Science and Management program, includes a modern, automated 5-ton-per-hour production and teaching feed mill and a biosafety level 2 teaching and research feed mill. This 142-foot-tall, state-of-the-art facility opened in October 2013.
The high profits were driven by a drop in corn prices that substantially exceeded declines in ethanol and DDGS prices. It was also argued in the same post that there were logical reasons to suspect that the extended run of profits was unlikely to continue. Just the opposite occurred, as ethanol production profits subsequently exploded off-the-chart. Today's post will examine the spike in the profits of ethanol producers in recent months and the reasons behind it....[Read More]