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The ethanol data was perceived to be bearish for US corn futures.  Weekly US ethanol production declined 13,000 barrels to 918,000, opposite from a Bloomberg trade poll expecting an increase of 14,000 barrels.  Ethanol stocks decreased 596,000 barrels.  The trade was looking for an increase of 77,000 barrels. 

 

 

 

 

 

Terry Reilly

Senior Commodity Analyst – Grain and Oilseeds

Futures International │190 S LaSalle St., Suite 410│Chicago, IL  60603

W: 312.604.1366

treilly@futures-int.com

AIM: fi_treilly

ICE IM:  treilly1

Skype: fi.treilly

 

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