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Pierce county WI | I don't really believe that the carryout will be that big. Ethanol is bouncing back fast. I bet were up again in production, and stocks are down again this week. The feed demand is bullish, as bad as it is for livestock guys, the feed demand is good. There's lots of pent up demand for livestock, and very little stocks. OPEC is leaving the production cuts. Then there's basis. We are at -$.24 right now. For comparison, June 2021 is -$.42, which is high, but typically I'd be expecting -$.35. Sounds like lots of light corn. This is at the Mississippi River, so this is export. I don't think the carryout from this year is as big as some think. | |
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Exports
