What you need to consider before selling corn...

The EIA's weekly ethanol data released yesterday showed a big bump in ethanol stocks to +24 million barrels up +1 million barrels from last week up over +2% from last year and again nearing the all-time record stockpile of 24.5 million estimated back in July. Bulls are thinking it will be too wet in areas to the northeast and could ultimately reduce some second-crop corn acres. Illinois plants around 11 million corn acres; Nebraska plants around 10 million corn acres; Minnesota plants around 8 million corn acres. [Extracted from the article]