March net corn cost dipped below $2.00

The recent year-over-year growth in coproduct pricing supported the coproduct credit in March as the cost of corn fell to $3.85 per bushel (basis Decatur, IL). Futures during the March coproduct value reconciliation period averaged $3.65 per bushel, nearly unchanged from a year ago, [...]

Corn stocks reported below industry estimate

As of Mar. 1, 2020, U.S. corn stocks were just over 7.95 billion bushels, down roughly 8 percent YOY and below trade expectations. A stocks figure under the industry estimate may suggest that 2019/20 production was lower than reported. Soybean stocks were just over [...]

Alcohol distillers shift to hand sanitizer

Growing up, when we kids got a scrape or cut, the playground advice was “Rub some dirt on it” to stop the blood. But then mom always had the hydrogen peroxide or rubbing alcohol to clean it. Kids never thought much about disinfectants, other [...]

Southern Brazil to get rain, U.S. soils remain saturated

South and southwest Brazil have seen limited rains in recent months. While significant rain is expected in these areas over the next two weeks, it may not be enough to restore soil moisture to adequate levels. Nevertheless, any rain at this point will be [...]

Ethanol plunges to 17-year lows

Under the states’ urgent efforts to flatten the COVID-19 infection rate, the U.S. economy is slowing precipitously. Closing of schools, limiting social gatherings, and pushing corporations to go to skeleton crews are going to have far-reaching consequences, including a negative impact on gasoline and [...]

No-change WASDE for corn, soybeans

Today’s WASDE report, as expected, left the 2019/20 S&D balance sheets unchanged for U.S. corn and soybeans. For U.S. corn, all 2019/20 estimates were unchanged from the February report, and ending stocks are still projected at 1.892 billion bushels. For 2018/29, corn use for [...]

Punxsutawney Phil was right

With the NOAA two-week forecast indicating above-average temperatures across most of the U.S., an early spring appears to be taking shape. With no adverse weather forecast, temperatures should trend 10 to 15 degrees above normal over the next ten or so days, bringing spring-like [...]