| Followers | 683 |
| Posts | 142202 |
| Boards Moderated | 35 |
| Alias Born | 03/10/2004 |
Tuesday, February 21, 2023 10:30:25 AM
The Corn & Ethanol Report
By: Daniel Flynn | February 21, 2023
We kickoff the day with S&P Global Composite PMI Flash, S&P Manufacturing PMI Flash and S&P Global Service PMI Flash at 8:45 A.M., Existing Home Sales and Existing Home Sales MoM at 9:00 A.M., Export Inspections at 10:00 A.M.,3-Month & 6-Month Bill Auction at 10:30 A.M., 2-Year Note Auction and 52-Week Bill Auction at 12:00 P.M.,
On the Corn Front the market is questioning how much and how long disruptions may occur as Cincinnati closes Ohio River water intake as a safety precaution, local Louisville officials said the Ohio train derailment hasn’t impacted Louisville’s water, the spill is more than 300 miles away and there were no detectable levels in the Louisville area. Despite reservations from some local residents, the officials say the water is safe to drink. Let’s see these officials drink it. The EPA has lost peoples trust and Norfolk Southern has joined the cast of the unpopular. If they want trust let them verify. Corn prices settled higher in Friday’s close. Rains last week across the northern half of Argentina were better than expected. This week’s crop ratings will determine if the rains were of much benefit. Good harvest progress is expected to be made in Brazil last weekend ahead of above normal precipitation returns this week. In the overnight electronic session the March corn is currently trading at 681 which is 3 ¼ cents higher. The trading range has been 681 ¾ to 678 ¼.
On the Ethanol Front the EPA reports 1.75 billion Renewable identification numbers (RINs) generated under the Renewable Fuel Standard ((RFS) up 1.59 billion from last year. More than 1.48 million D3 cellulosic biofuels in January, including 877,915 generated for compressed renewable natural gas (RNG) by domestic producers and 604,915 generated for liquefied RNG by domestic producers. There were no trades or open interest in ethanol futures.
Read Full Story »»»
DiscoverGold
By: Daniel Flynn | February 21, 2023
We kickoff the day with S&P Global Composite PMI Flash, S&P Manufacturing PMI Flash and S&P Global Service PMI Flash at 8:45 A.M., Existing Home Sales and Existing Home Sales MoM at 9:00 A.M., Export Inspections at 10:00 A.M.,3-Month & 6-Month Bill Auction at 10:30 A.M., 2-Year Note Auction and 52-Week Bill Auction at 12:00 P.M.,
On the Corn Front the market is questioning how much and how long disruptions may occur as Cincinnati closes Ohio River water intake as a safety precaution, local Louisville officials said the Ohio train derailment hasn’t impacted Louisville’s water, the spill is more than 300 miles away and there were no detectable levels in the Louisville area. Despite reservations from some local residents, the officials say the water is safe to drink. Let’s see these officials drink it. The EPA has lost peoples trust and Norfolk Southern has joined the cast of the unpopular. If they want trust let them verify. Corn prices settled higher in Friday’s close. Rains last week across the northern half of Argentina were better than expected. This week’s crop ratings will determine if the rains were of much benefit. Good harvest progress is expected to be made in Brazil last weekend ahead of above normal precipitation returns this week. In the overnight electronic session the March corn is currently trading at 681 which is 3 ¼ cents higher. The trading range has been 681 ¾ to 678 ¼.
On the Ethanol Front the EPA reports 1.75 billion Renewable identification numbers (RINs) generated under the Renewable Fuel Standard ((RFS) up 1.59 billion from last year. More than 1.48 million D3 cellulosic biofuels in January, including 877,915 generated for compressed renewable natural gas (RNG) by domestic producers and 604,915 generated for liquefied RNG by domestic producers. There were no trades or open interest in ethanol futures.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
