2. Ethanol Production Increases to Highest Since Mid-January Ethanol output jumped to the highest level in almost two months while inventories declined, according to the Energy Information Administration. Production of the biofuel rose to an average of 938,000 barrels a day in the week that ended on March 5, the EIA said in a report. That’s up from 849,000 barrels a day, on average, the previous week and the highest level since the seven days that ended on Jan. 15, government data show. In the Midwest, by far the biggest producing region, production rose to 894,000 barrels a day from 811,000 barrels a week earlier. That’s the highest level in a month.
3/10/2021
By Julie Ingwersen
CHICAGO, March 10 (Reuters) - U.S. corn and soybean futures
each fell about 2% on Wednesday, a day after monthly U.S.
Department of Agriculture (USDA) forecasts failed to offer fresh
bullish news, freeing traders to book profits following recent
multi-year highs, analysts said.
Wheat futures also declined, following the trend, with
beneficial moisture expected to bolster crop prospects in the
U.S. Plains this week.
Chicago Board of Trade May corn settled down 11-3/4
cents at $5.34 per bushel and May soybeans ended down
30-1/4 cents at $14.09-3/4 a bushel.
CBOT May wheat fell 4 cents to settle at $6.52-1/2 a
(Recasts; updates prices, adds quotes, changes byline, changes dateline from previous PARIS/SINGAPORE)By Julie IngwersenCHICAGO, March 10 (Reuters) - U.S. corn and soybean futures each fell about 2% on Wednesday, a day after monthly U.S. Department of Agriculture (USDA) forecasts failed to offer fresh bullish news, freeing traders to book profits following recent multi-year highs, analysts said.Wheat futures also declined, following the trend, with beneficial moisture expected to bolster crop prospects in the U.S. Plains this week.