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The Renewable Fuels Association estimates the ethanol industry lost $3.8 billion from the COVID-19 pandemic. The industry lost about 2 billion gallons of production from March through November 2020, equal to roughly 700 million bushels of corn.
Production and consumption fell nearly 50% in April before partly recovering.
The lost ethanol output removed a large block of corn demand in 2020, and the continued losses into late 2020 kept grind and DDGS supplies constrained. The effect on prices is mostly backward-looking, so it is a modest factor for buyers today.
agrinews-pubs.comTom Doran21 ene 2021Tras 301 eventos bajista de macro pasados, Maíz se movió una mediana de -0,1 % en 5 sesiones (47% al alza; mitad central entre -2,2 % y +1,3 %), y +0,2 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
