Domestic ethanol inventories posted a fourth consecutive weekly build, climbing to a 12-week high as production jumped to the highest level since March 20 while demand was at the lowest level since about mid-June.
Business & Inputs
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Domestic ethanol inventories held to the upside for a third straight week, rising to an 11-week high as demand dropped to the lowest level in five months.
A growing number of ethanol companies are pursuing legal action against Archer Daniels Midland, alleging the company manipulated markets.
Ag Interest Rate
|DTN Ag Interest Rate Snapshot|
|TODAY||- LAST YEAR|
|CCC Loan Rate||1.125||2.625|
|Real Estate *||3.94||4.72|
|Feeder Livestock *||4.31||5.05|
|Farm Machinery *||4.88||5.57|
|* Federal Reserve's quarterly average|
|effective interest rates at ag banks.|
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