Energy, Corn & Corn Sweeteners
Ethanol production hits 21-month high
Average daily ethanol production was 1.094 million barrels during the week ending Jul. 21, marking five consecutive weeks of year-over-year...
Banking uncertainty rattles energy markets
With the recent collapse of Silicon Valley Bank and confidence in other regional banks—Signature and First Republic, to name another...
Soy complex closes 2022 on a strong note
As the minutes tick down on 2022, the soy complex wraps up a second consecutive bullish year, with strong prices...
Sale of U.S. crude oil from Strategic Petroleum Reserve draws to a close
Planned selling of oil from the U.S. Strategic Petroleum Reserve (SPR) is ending this month. Releases of about 1 million...
Natural gas inventories pull even with benchmarks
For the first time this year, natural gas storage underground reached 2021 levels and seems set to catch up with...
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Soybean oil pushes higher with crude oil
Futures activity Nov-22 soybean futures closed higher today up $0.25 at $14.52 per bushel. Dec-22 soybean meal rallied on Friday...
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Mild start to fall helps natural gas stocks recover
With the end of summer heat and milder temperatures across the U.S., the Energy Information Administration’s reports a clear boost...
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Soybean oil prices rise with WASDE looming
Futures activity Soybean oil prices saw plenty of lift this week, with Dec-22 futures rallying 4.5 cents per pound back...
Commodity insights weekly
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Corn market surprised by bullish September stocks report
Futures activity After a relatively calm week, corn futures propelled to $7 per bushel during trading today following the release...
Gas leaks suspend Nord Stream 1 pipeline operations indefinitely
Massive leaks of natural gas from Nord Stream 1, an offshore pipeline connecting Russia and Western Europe, were reported in...
Recessionary fears weigh on soybean market
Futures activity Soybean oil prices were hit hard today (Friday), falling 2.20 to 2.80 cents per pound. Jan-23 futures closed...
Ethanol production fell to 901,000 bpd last week
Production dipped to its lowest weekly rate since Feb. 26, 2021, when the average was 849,000 barrels per day. It...
Soy complex waiting for WASDE
Futures activity Jan-23 soybean oil futures dropped 2.75 cents per pound and hit a one-month low at 62.47 cents per...
When heat becomes a weapon of mass destruction
To say that energy markets have become more politicized in recent months would be an understatement. In a recent meeting,...
India continues to lean into fuel ethanol
Next April, some Indian gas stations will begin retailing gasoline with a 20-percent ethanol blend, per the Business Standard. India...
Improved weather applies some pressure to corn
Futures activity Spot corn futures opened the week at one-month highs of $6.39 per bushel and before dropping 13 cents...
Natural gas back near 14-year highs on Europe heatwave
Intense heat across Europe is boosting demand for electricity, and drought-stricken areas are dealing with low water levels in rivers...
Soy complex rebounds as Midwest weather turns ominous
Futures activity Soybean futures demonstrated their greatest gains in about 18 years this week as weather concerns moved into the...
Weather, macro factors reinvigorate the corn market
Futures activity Sep-22 corn ended the week up $0.36 at $6.1625 per bushel. The Dec-22 contract climbed 6.2 percent to...
Petroleum Reserve drained further as Middle East visit ends
At June’s end, the U.S. Strategic Petroleum Reserve (SPR) dropped to its lowest level since the mid-1980s, a 35-year low....
Soy complex crashes over recession fears
Futures activity Spot soybean oil prices opened the week at 73.79 cents per pound and crashed over 6 cents per...
Freeport LNG fire shifts momentum of natural gas market
Although news of an explosion and fire in a Freeport liquified natural gas (LNG) loading terminal off the coast of...
Crude oil over $120 per barrel as China slowly reopens
Saudi state-run oil company Aramco raised prices to both European and Asian customers this month and signaled that prices could...
Week of technical pressure pulls corn futures lower
Futures activity Corn futures spent the week pushing lower, with the Jul-22 contract falling by roughly $0.30 to close at...
Surging greenback could help press pause on dollar-denominated commodities
Interest rates were increased by 50 basis points in an early-May Fed meeting, and there was strong insinuation the move...
Proposed EU ban on Russian oil imports unsettles markets
The start of the Russian invasion of Ukraine was quickly followed by the suspension of final permitting and approval of...
Runaway prices at pump result in broken campaign promises
Over a year into Biden’s first term in office, prices for crude oil have more than doubled, moving from $50...
Corn market rises on new-crop supply concerns
Futures activity May-22 corn closed near $7.90 per bushel this week, up more than 25 cents from Monday. The Dec-22...
Natural gas stocks finally turn the corner as spring arrives
Having passed the official start of spring, natural gas stocks in underground storage across the U.S. finally posted their first...
Energy markets in the crosshairs of the Ukrainian crisis
The effects of the Russian invasion of Ukraine that began two weeks ago are spilling over into global markets, creating...
Continued growth for Brazil’s corn ethanol manufacturing
For the April-March season through mid-February, production of corn ethanol in Brazil’s center-south reached 3.0 billion liters. This total suggests...
Soybean prices escalate yet again
Futures activity Soybean futures continue to surge higher despite being technically overbought. Mar-22 futures rallied another 83 cents per bushel...
Winter storms ignite more volatility in natural gas
A series of winter storms across the country brought a record-shattering blizzard for New England states and travel headaches across...
Soybean complex propels higher
Futures activity Soybean oil futures rose 4.85 cents this week from 58.15 to 63.00 cents per pound, a three-month high....
Wild week for natural gas: Ukraine tensions, Nord 2 pipeline delays
Even with the increase of 400,000 barrels per day announced by OPEC+ for February, energy markets remained on edge as...
Series of winter storms close out 2021
An extremely active pattern across the northern Pacific Ocean brought record levels of snow to the western U.S. and mountain...
India sugar production up 6% YOY, 2021/22 ethanol blend rate of 10%
Through mid-December, ISMA reports all India cumulative sugar production near 7.79 MMT, up 6 percent YOY and up nearly 25...
WASDE, EPA biofuel news drive soybean market this week
Futures activity This week’s trading activity was a mixed bag for the soy complex. Jan-22 soybean futures ended the week...
Corn market unphased this week
Futures activity Despite EPA’s biofuels announcement and the December WASDE report on Thursday, corn futures hardly blinked this week. Dec-22...
Thanksgiving arrives with first seasonal drawdown in natural gas
Daylight Savings, Thanksgiving, and the first snowflakes of the season are all harbingers of winter, and along with it, the...
Corn market ignores petroleum reserve release
Market outlook December corn futures continue to test the $5.80 per bushel level but have yet to close above that...
Gas seasonal build draws to a close as winter weather arrives
The United Nations Climate Change Conference (COP26) drew to a close last week in Glasgow as winter weather arrived bringing...
Key Nov. 4 vote will influence West Coast gas storage & pricing
A meeting next week on Nov. 4 will decide on increasing gas storage at a primary facility that serves as...
Crude oil pricing rises as OPEC+ limits production growth
Brent crude oil futures surged this past week, topping $81 per barrel, a level not seen since 2014, making a...
Natural gas climbs after Hurricane Ida idles production
Tropical storm and hurricane activity have increased as we near the peak of the season with Grace, Henri, and Ida...
Summer heat stymies seasonal gas build
A disappointingly small 13 bcf (billion cubic feet) build was reported in this past week’s EIA natural gas storage report....
Summer heat underpins natural gas market
Sizzling summer temperatures sent the mercury well into the 90s for regions of the U.S. over the past week, boosting...
Inflation in commodities heating up
Two releases from the government this past week stoked fears of inflation rising faster than previously forecast, with both CPI...
Benchmark #11 world raw sugar finds range in last two weeks
Jul-21 #11 world raw sugar appears to have found a short-term range between Fibonacci retracement support and resistance levels near...
Brisk natural gas exports are muting stock build
With spring finally having arrived across most of the U.S., natural gas injections should be seeing impressive weekly builds to...
Early spring helps natural gas stocks with second week of inventory gains
As temperatures begin to climb with early arrival of spring weather, EIA’s reported natural gas inventories registered their second, albeit...
Will the natural gas bear emerge from hibernation?
March came in like a lamb, with warmer than normal temperatures finally breaking the arctic air mass that caused so...
Strong February gains for the Food Price Index
FAO reported the February Food Price Index (inflation adjusted) up almost 15 percent from January. The index saw gains for...
Groundhog Day signals first blast of arctic air & spike in natural gas prices
The famous prediction this past week called for six more weeks of winter as the most significant snowstorm in nearly...
U.S. ethanol stocks approach nine-month high
In the week ending Jan. 29, U.S. ethanol stocks rose to over 24.3 million barrels, their highest level since May...
Winter warm-up to start 2021
After a handful of winter storms during December, the latest NOAA two-week forecast is showing a warming trend across most...
NYMEX decline provides timely hedging opportunity
As winter descends across the country, lower temperatures typically support energy pricing. Natural gas markets corrected to 12-month lows on...
Natural gas rig counts stabilizing
October’s early start to winter saw subfreezing temperatures and snow across the upper Midwest. Prices for natural gas have been...
Despite record stocks, natural gas prices surge to five-year high
Last week, Hurricane Delta tracked across the Gulf of Mexico following a similar trajectory to Hurricane Laura over a month...
Crude oil stocks down after Hurricane Laura
The last week of August saw a pair of tropical storms hit the Gulf Coast states in what has already...
Crude oil continues to consolidate & move higher
As U.S. supplies of crude oil fell for the third straight week on continued weak imports and near-record export shipments...
Natural gas build slows as temperature rise
Tropical Storm Isaias (the ninth named storm, a record this early into the North Atlantic hurricane season) combined with an...
Summer heat puts a crimp in the natural gas supply build
Last week’s surprisingly strong 120 bcf per day weekly EIA build number gave way to a more modest 65 bcf,...
Crude oil suffers setback
As states slowly begin the process of reopening, fears of a secondary outbreak of COVID-19 coupled with rising domestic crude...
Higher biodiesel production, soybean oil use in March
U.S. biodiesel production in March was a seven-month high of 151 million gallons, up 7 percent from a year ago....
Ethanol stocks break below 23 million barrels
For the week ending May 29, ethanol production rose to 765,000 barrels per day (bpd), up for the ninth-consecutive week...
Weekly ethanol blending outdoes production
For the week ending May 8, ethanol production rose to a five-week high of 617,000 barrels per day (bpd), up...
Fall in natural gas rig count
April crude oil futures contracts made history when prices breached zero and even traded negative before expiring. This anomaly highlights...
Dollar consolidates after correcting off multiyear highs
In the second half of March, the U.S. dollar index spiked to its highest levels since late 2002. The index...
Natural gas: New highs & lows for the year
Last week’s EIA natural gas stock report confirmed the early spring, which has been on many peoples’ minds of late....
Alcohol distillers shift to hand sanitizer
Growing up, when we kids got a scrape or cut, the playground advice was “Rub some dirt on it” to...
Russia breaks with OPEC
Crude oil gapped $5 per barrel lower on Monday, falling 20 percent to dip below $30 per barrel, its lowest...
Punxsutawney Phil was right
Seasonally mild temperatures and one of the warmest winters on record have been bearish for the energy complex as crude...
Oil prices slide as OPEC wrestles with production cuts
The largely good news and optimism in Q4 2019 after the U.S. and China agreed to a Phase One trade...
Crude rallies in Q4 2019 amidst OPEC cuts
Crude oil has seen a choppy trading year. At the start of the year, economic outlook was optimistic, and prices...
Record-setting cold descends across Midwest this past week
Low temperature records for November were shattered across the country this past week as new all-time lows were registered across...
Midwest braces for winter temps in early November
Although temperatures averaged 3˚ to 5˚F above normal for most of September and October, a change in the jet stream...
Natural gas nears finish line
Stocks of natural gas are now over 16 percent higher than a year ago as we near the end of...
U.S. rig counts wilt during 2019 summer heat
The numbers speak for themselves with rigs dedicated to oil and natural gas exploration in the U.S. down by at...
Natural gas near $2.00 technical support
Although July was one of the planet’s hottest on record, prices of natural gas have been under pressure in a...
Renewed equities & energy buying with more dovish Fed
In recent testimony, Fed Chairman Powell stated that the longer-term policy of the Central Bank is now aiming for lower...
Crude oil gives back two months of gains
After rising by $20/bbl since the start of the year, crude oil prices retreated on May 23, likely due to...
Stock markets slide amid U.S.-China trade uncertainty
Stock market volatility picked up last week with a further hike for U.S. tariffs on Chinese products. The Trump administration...