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USDA not super bullish but price action confirms higher prices - Market comments
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w1891
Posted 5/10/2024 17:51 (#10735900 - in reply to #10735865)
Subject: RE: USDA not super bullish but price action confirms higher prices - Market comments


S Illinois		Yes demand has increased in 150 mb as exports and ethanol usage have been good. The issue though of trying to continue to increase demand that much is where is it going to come from. Ethanol usage up almost 300 mb yoy and exports are predicted up 500mb. We are behind the pace needed to meet corn exports as it currently stands with this months WASDE increase. Ethanol is right on pace. That leaves only feed and residual. That's a lot of increase in demand in 3 more months.
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