Wednesday March 18, 2020

• Concern over a slow down in the ethanol industry drove the corn markets lower yesterday and again today
  • Depressed crude prices unable to support ethanol margins
• Wheat mills in the U.S. facing concern over supply lines breaking before covering their needs for milling 
• China also coming in and purchasing wheat 
  • Overall the world has plenty of wheat – however the world does not have plenty of milling quality wheat