U.S. ethanol production surged last week as many operations wrapped up seasonal maintenance. The U.S. Energy Information Administration says production averaged 1.071 million barrels per day, an increase of 76,000 on the week and 33,000 on the year, due in part to the rising supply of corn as harvest advances. Iowa State University’s Center for…… Continue Reading
Basis levels for corn and soybeans have improved some across the Midwest. Naomi Blohm with Total Farm Marketing tells Brownfield “Down at the Gulf of Mexico basis has been firming; October has an eight cent improvement. Basis has jumped 15 cents in Davenport, Iowa on the Mississippi River. On the soybean side, basis is improving…… Continue Reading