Wednesday October 27, 2021

  • Markets turned around through the day yesterday closing in the green and are testing higher again this morning
  • Strong ethanol production helping to fuel gains for the corn market this morning 
    • The U.S. has ramped up ethanol production drastically in the last three weeks as the profitability has grown more and more attractive
    • We are expecting to continue to see production to rise until its typical seasonal peak in December 
  • Chinese corn prices are also on the rise helping to lend support to our markets today 
  • Expecting to see another week of strong export demand reported tomorrow morning