WASDE, EPA biofuel news drive soybean market

Futures activity Last week’s trading activity was a mixed bag for the soy complex. Jan-22 soybean futures ended the week at $12.6775 per bushel, nearly identical with the week ending Dec. 3. Soybean meal closed at $366.80 per short ton, up $14.20 per ST [...]

Ethanol blending at six-month low

In the week ending Nov. 5, ethanol blending and refining use was at 893,000 barrels per day (bpd), the lowest weekly volume since mid-May and about 1 percent below the five-year average. Lower use helped ethanol stocks rise to a two-month high of roughly [...]

Corn futures fall under liquidation pressure

Futures activity Positioning ahead of tomorrow’s WASDE report led to volatility in the corn market last week. Dec-21 futures settled at $5.53 per bushel last week, down $0.26 per bushel from Monday. Dec-22 futures closed at $5.405 per bushel. S&D and fundamental factors Ahead [...]

September ethanol input steady YOY

For the month of September, corn used for fuel alcohol totaled just over 407.51 million bushels, down about 2 percent from August but up just over 1 percent from September 2020. Corn consumed for beverage alcohol totaled some 3.41 million bushels, down 2 percent [...]

August soybean crush beat expectations

NOPA members crushed 158.8 million bushels of soybeans last month, higher than estimates ahead of today’s report by about 4.5 million bushels. NOPA's cumulative crush for the 2020/21 Sep-Aug soybean marketing year ended at 2.02 billion bushels, meaning total U.S. crush was likely around [...]

Shift in short-term corn market factors

Futures activity Sep-21 corn futures ended last week considerably lower, down more than $0.32 per bushel over the week. Dec-21 futures fell by 3.5 percent over the week to close at $5.24 per bushel. S&D and fundamental factors U.S. corn condition remains at national [...]

Biofuel rumors loom over soybean market

Futures activity Soybean futures posted a strong rebound last week, with Sep-21 futures closing on Friday up by over $0.65, at $13.5925 per bushel. Nov-21 soybeans closed lower (but higher for the week) at $13.2325 per bushel. S&D and fundamental factors 2021/22 export sales [...]

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