Grain Market Update - December 2020
We are 2 weeks away from the highly anticipated January USDA report where they will give us the final yield number and update quarterly stocks. Trade is expecting the stocks numbers to be bullish. For almost 6 weeks straight we saw export sales of beans and domestic demand is staying strong as crush margins remain good. Ethanol is the big question on the corn side- negative ethanol margins for Q1 2021 have processors contemplating if the plants should stay running or shut down for a period of time. The rail market for corn remains strong and Crystal Valley has a record number of trains on the books for this fiscal year. Megan Tusa - Grain Marketer
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