Ethanol Numbers, Export Expectations, How Will Friday's Report Turn Out?
Feb 06, 2013
In today's episode Cody and Brock examine the ethanol numbers that were released this morning. Ethanol production did see a slight uptick this week and stocks moved lower. Corn going to ethanol production is suspect for a revision lower as Friday's USDA/WASDE reports are near. If ending stocks are revised higher, partially due to ethanol, some key technical support areas are outlined. Tomorrow's export estimates are as follows (000s MT): wheat 300-500; corn 100-300; soybeans 900-1,300. Tune in for a full recap of today's action.
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