11.
08.22
09:36

US ethanol inventories continue to fall

The corn contracts on the Matif ended yesterday's trading day with a green sign. Above all, the current weather forecast and the drought are worrying many producers. Harvest losses are expected, especially on the light site. CBoT corn also closed with modest gains. Tomorrow's WASDE report is eagerly awaited. Market participants expect production forecasts to be further revised downwards due to the unfavorable growing conditions. The rise was held back by weaker US ethanol production, which fell to 1.022 million barrels per day. Inventories have also declined, marking their lowest level in two months.

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