# Corn Futures Drop Presses Spot Ethanol Prices Lower

> Chicago Board of Trade corn futures fell sharply, pushing spot ethanol prices in Chicago and New York Harbor about 0.75 cents lower in early Monday trade. Physical ethanol at Argo was pegged at $1.45 per gallon, and NYH barge ethanol was assessed at $1.57 per gallon. A trader attributed the move to corn weakness linked to South American rains and softer US wheat.

- Date: 2018-03-19 · published 2018-03-19T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11424-corn-futures-drop-presses-spot-ethanol-prices-lower
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Ethanol prices follow corn costs, so lower corn futures reduce the input cost for ethanol plants and weigh on the value of DDGS co-product, a feed ingredient. The move is a routine follow-through rather than a new supply shock.

## Read by commodity

- CORN: bearish ▼
- DDGS: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/ethanol-blog/blog-post/2018/03/19/corn-futures-drop-presses-spot-lower

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.