
Chicago October ethanol futures were quoted at $2.14 a gallon on September 30, down slightly. Weekly production fell by 21,000 barrels a day to 1.007 million and stocks dropped 818,000 barrels.
Green Plains reported second-quarter net income of $67.1 million, with 45Z tax credits contributing much of its adjusted EBITDA.
Lower weekly ethanol output reduces corn grind demand at the margin, but firm producer margins from 45Z credits keep plants running. The effect on feed prices is small.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.