Source: Todd Hubbs, FARM DOC DAILY, UNIV. OF ILLINOIS 7/30/18


While discussion of trade issues and the potential for new crop yield continue to dominate the market outlook for corn, the low corn prices seen over the last couple of months spurred corn consumption in the latter part of the marketing year in export and ethanol markets. Weekly ethanol production exceeded a million barrels per day in all but two weeks thus far in 2018.  Buoyed by positive ethanol profit margins, estimates of corn use for ethanol during this marketing year continue to increase.  

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