Total domestic ethanol inventories were down 0.4% as of Jan. 15 amid another 4% weekly increase in demand.
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The Kremlin on Friday welcomed U.S. President Joe Biden's proposal to extend the last remaining nuclear arms control treaty between the two countries, which is set to expire in less than two weeks.
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Friday morning starts with USDA's weekly export sales report at 7:30 a.m. CST, followed by a report on U.S. existing home sales at 9 a.m. The Energy Department's weekly natural gas inventory is set for 9:30 a.m. and other energy inventories follow at 10 a.m., including ethanol. At 2 p.m. CST, USDA releases its estimate of U.S. cattle on-feed for Jan. 1.
WeatherLight to moderate rain is in store for the Deep South and Southeast Friday. Other crop areas will be mainly dry except for light snow crossing the central Plains. Rain and snow are indicated for the Plains and Midwest later Saturday through Sunday. Temperatures have a more seasonally cold trend through the weekend.
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