date:Dec 25, 2012
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Ethanol production fell again this week, while ethanol stocks increased. Our model continues to show weaker demand for corn out of the ethanol industry. Taking into account margins for ethanol production, we are showing a 125 million bushel lower estimate than what the USDA is currently showing.
Information about the world supply of grains came from analyst Strategie Grains which predicted a 9% increase in the EU wheat crop this coming year and a 16% increase in corn production. The i