Ethanol Margins/Production Higher, But Corn and Wheat Selloff
Feb 21, 2013
The grain markets were mostly lower today with the only exception being front-month soybeans. Winter Storm Q and the precipitation it leaves in its wake has pressured the wheat markets lower. Corn continues to find resistance around $7 despite better ethanol figures this week. Front-month soybeans continue to find support from drier South American weather. Export sales expectations for tomorrow's report are as follows (combined for this year and next in 000s MT): wheat 400-600; corn 150-350; soybeans 300-600. For a full recap of today's action, tune into GrainTV.
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