| Morningdew - 11/23/2022 12:38
Production increased last week back to cranking. Our basis same for two weeks here at +60. Also bean basis went -15 to -13. Game of pennys but ten equals a dime. Have a enjoyable day away from the markets tomorrow.
Should be good for a bit, as long as we have an energy crisis on our hands and exports help a lot. Beyond that, Canada is essentially doubling their take of ethanol going forward due to their low carbon mandate that hits next year. The issue is bridging the seasonal build in inventories until the spring/summer of next year. I'm pretty positive on this cycle vs. prior years. That is...as long as we don't have a severe recession on our hands.
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Ethanol week uptick
