Futures activity

  • Mar-23 futures saw pressure early last week that took the contract to $6.66 per bushel, but prices appreciated by close of Thursday back above $6.80 per bushel.

S&D and fundamental factors

  • Ethanol production was relatively flat the week ending Jan. 20, at just over 1 billion barrels per day, but stocks moved up sharply by 7 percent to 25.1 million barrels.

Weather, macro indicators, news

  • Argentina received good rains as predicted last week. Much more is needed to keep the crop from falling below the mid-40 MMT range (where it likely stands now) vs. USDA’s 52 MMT projection.

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Source: 123rf.com
Posted by: Information Services
Our Information Services team assists our clients with understanding commodity and ingredient market dynamics. Using our extensive database of intelligence, we also produce regular commodity and commercial market publications covering supply and demand fundamentals, news alerts on events that shape the markets, and resource guides to give you a complete picture of the industries we monitor.