Compared to last week, cash bids for wheat and soybeans were mixed while corn and sorghum was lower. Ethanol production for week ending April 5th totaled 1.002 million barrels per day, a slight inccrease compared to the week prior. Ethanol stock were decreased by 799,000 barrels to 23.2 mb. Another “bomb cyclone” spread from Colorado through Nebraska, the Dakotas and into Minnesota this week leaving travel nightmares in its path. Rail lines in Eastern Nebraska and western Iowa are not fully funtional yet, however the railroad is making headway into getting their rails “hot”.
Source: USDA-MO Dept of Ag Market News Service, St Joseph, Mo.