Net corn cost fell in August
Corn basis: The average of Central Illinois basis bids for the August net corn cost reconciliation period was around +63, compared to +105 on average [...]
Pro Farmer crop tour hints at ominous 2022/23 corn production
Futures activity Bolstered by concerns about the upcoming crop, Sep-22 corn futures on Friday, Aug. 25, ended the week up by more than $0.35 [...]
Commodity ingredient intelligence
We hope you have been finding our In the Know blog both useful and informative. But did you know that our IQ Ingredient Intelligence [...]
Helpful overview of biofuel market factors
Ethanol production consumes more than a third of U.S. corn production, while biodiesel and renewable diesel consume 40 percent of domestic soybean oil production—a [...]
Food CPI up 10.9% YOY
Data reported by BLS shows that food inflation was 1.1 percent in July, with the Consumer Price Index (CPI) for food now up 10.9 [...]
Ethanol use hits one-year high
Last week, ethanol use by blenders and refiners notched its first YOY gain since late May and was the highest daily average since early [...]
Natural gas back near 14-year highs on Europe heatwave
Intense heat across Europe is boosting demand for electricity, and drought-stricken areas are dealing with low water levels in rivers hindering barge deliveries of [...]
Sideways soybean market after WASDE report
Futures activity Sep-22 soybean futures were volatile last week but closed at $14.8875 per bushel. Dec-22 closed at $14.04 per bushel. S&D and fundamental [...]