China will continue to auction its corn stocks into May as the National Grain Trade Centre announced Wednesday a fourth consecutive clearance of up to 8 million mt.
this makes for about 30. mmt of that stuff going away. Will be nice to see them get current and not have a massive stockpile that traders use as an excuse to whipsaw the price.
US biofuel waiver use cuts blending obligation by 1.6 billion gallons: RFA
The controversial use of waivers to excuse some US fuel suppliers from fulfilling their biofuel blending obligations may have cut at least 1.6 billion gallons of biofuels from the anticipated mandates in 2016 and 2017, the Renewable Fuels Association (RFA) said Tuesday.
Pruitt needs a "You're fired"
Brazil’s Agrural agricultural agency has warned that the second ‘safrinha’ corn crop is in danger as the country’s dry season arrives early, just as the crop is entering a key phase of its development.
I'm not convinced we we won't get our turn shortly...
these are my three big stories today.
Two out of three are positive for corn prices .
Beans are thirty five cents down from their cash bid highs here and that is with a 10¢ basis improvement.
Corn is at its absolute cash bid high this morning with a$3.60 cash bid and a $3.62 May bid.
