Compared to last week, cash bids for soybeans were higher; wheat was mixed while corn and sorghum was lower. Ethanol production for week ending March 29th totaled 0.999 million barrels per day, a slight inccrease compared to the week prior. According to analysts, 10-15 percent of total U.S. Ethanol production is offline due to the flooding in the Plains, with most of the lost production in Northeast Nebraska. As the calendar turns to April now, planting delays are now creeping into the forefront as waterlogged, cold soil is a concern. Days suitable for fieldwork in the “I” states for week ending March 31 averaged less than one day.
Source: USDA-MO Dept of Ag Market News Service, St. Joseph, Mo.