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Ethanol plants throughout the country are shutting its doors or limiting hours. It’s partly due to the coronavirus (COVID-19). Yet, there are other factors at play which include less demand for ethanol and gasoline.
American companies will soon be exporting liquefied natural gas to Europe.
Fracking technology tips the favor back to domestic natural gas and fertilizer production
Another surprise -- corn acres climbed rather than fell versus March intentions.
USDA’s World Agricultural Supply and Demand Estimates for January reflect higher ending stocks for both corn and soybeans.
Despite a soybean carryover number lower than market expectations in today’s World Agricultural Supply and Demand Estimate (WASDE) from USDA, market reaction was muted with beans only up a quarter cent on the day.