5/21/2025 8:00 am

Follow through short covering being seen in wheat and corn with soybeans also seeing support as soyoil rebounds.

US corn basis continues to firm on lack of farmer selling/movement with some processor markets in the ECB paying +50N. Job of the market remains to pull cheaper WCB corn into the ECB/Southeast.

Estimates for today's EIA ethanol production range from 983-1,045 vs 993 last week with stocks range of 24,850-25,645 vs 25,445 last week.

US wheat harvest trying to progress in southern TX and in the US Delta. More rain to move through next several days will hamper cutting.

 5/12/2025