date:Nov 27, 2012
r while we have seen no appreciation in the price of ethanol. This is an extremely tight margin historically, and does not bode well for ethanol production in the coming weeks. Presently the USDA projects 4.5 billion bushels of corn going to ethanol production; considering current crush margins our model shows 4.4 billion bushels going to ethanol in the current marketing year.
Fridays export sales report showed 769,000 MT of corn sold during the week ending 11/15, well exceeding trade expectati