Retail Business

USDA Crop Production Report: corn and soybean production down 1% from last month.

Old crop corn stocks on hand as of Sept. 1, 2020 totaled 2 billion bushels, down 10% from 2019. Old crop soybeans stored in all positions were down 42% from 2019.

U.S. corn futures edged higher on Friday, as the grain was poised to post its biggest one-month gain in more than two years on global supply concerns.

China committed to buying 200 million gallons of ethanol during the first half of 2021. If the commitments turn into shipments, it would mark the largest annual purchase for U.S. ethanol ever.