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farmdoc daily reports that corn demand recovered in November 2019 after weak September and October. Ethanol output rose for ten straight weeks to 7.413 million barrels per day in the week ending November 22, and export sales and livestock placements also picked up.
Rising ethanol output, export sales and feed demand reduce surplus corn and support prices heading into 2020. The trend suggests firmer demand that could tighten the balance sheet.
farmdocdaily.illinois.eduHongxia JiaoDec 2, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
