Soybean Export Sales Exceed Expectations

Soybean Export Sales Exceed Expectations, Cheap Corn Remains Attractive

美国农业部宣布每周的大豆销售额为1,521,200吨，超过了交易者的期望。大部分购买是由墨西哥，未知目的地，德国和阿根廷进行的。据报道，玉米的净销售额为1,431,000吨，跌至分析师猜测的范围高端，比上周降低了约30万吨。我们玉米的顶级买家是墨西哥，加拿大和秘鲁。小麦出口销售的固定为435,300吨，比上周下降34％，比4周的平均水平下降8％。美国农业部报告的最大购买者是巴西，沙特阿拉伯和尼日利亚。

Ethanol Production Drops to Lowest Levels in Five Months as Stockpiles Grow

Production of ethanol for the week ending on Sep 28 fell to the lowest level since April 20, posting 1.015 million barrels per day. Last week, the EIA reported ethanol production at 1.036 million barrels per day. Ethanol stocks also rose to multi-month highs of 23.445 million barrels, the highest since Mar 20. Stockpiles rose from last week by 816,000 barrels. President Trump is headed to Council Bluffs, IA next week where he is expected to announce his approval for year-round sales of E15 fuel.

Thunderstorms Remain in Forecast for Much of Midwest

Several inches of rain are expected to fall over E Nebraska, nearly all of Iowa, and into much of Illinois today. Areas of E Iowa and W Illinois have struggled with heavy rain and flooding over the past 2 weeks. E Nebraska can expect isolated thunderstorms to begin today and continue until the early part of next week. S Minnesota, S Wisconsin, and most of Michigan can expect scattered showers over the next 5 days as well.

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