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Daily Afternoon Notes


Updated on 2/22/2018

Market Commentary 

2/22/18

 

  • Weekly ethanol production was reported at 1.068 million barrels per day, compared to 1.016 barrels per day last week. Ethanol stocks were reported at 22.8 million barrels, compared to last week’s stocks at 22.9 million barrels. Ethanol margins are steady with last week at net positive $0.18 cents per gallon.

  • According to the USDA, who meet at their annual outlook forum today and tomorrow, US farmers are estimated to plant 90 million acres of soybeans, down slightly from 90.1 million in the spring of 2017. A Reuter’s poll of traders pegged US soybean plantings at 90.6 million acres.They pegged US corn planted area to 90 million acres, down from last year at 90.2 million acres.