Morning Thoughts – Jan 5
Grains – When reviewing the Fats & Oils report, implied domestic meal consumption turned out to be pretty solid during the month of Nov. We don’t have official Census trade data just yet so this is subject to change, but implied domestic meal disappearance...Morning Thoughts – Jan 4
Grains – Lots of data from NASS released yesterday after the close. We got the monthly Grain Crushing report and this showed corn used in ethanol production totaled 451.9 mil bu last month, down slightly form 455 mil bu the prior month. This is inline with...
Morning Thoughts – Jan 3
Grains – The EIA updated with biodiesel production figures on Friday, but unfortunately the data is only current through the end of Oct. The EIA reported biodiesel production of 142 mil gal which is the highest I have on record going back to 2011. Soyoil use...