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