Ag Perspectives projects ethanol margins will decline seasonally into the new year, reaching -$0.13 per gallon by mid-December. Biodiesel margins are near record highs on strong D4 RIN prices.
Futures closed lower on the day, with Dec corn at $4.4775, Dec wheat at $6.035, and cattle futures sliding.
Lower ethanol margins are not expected to materially reduce corn demand, while strong biodiesel returns support soybean oil demand. Cattle weakness reflects tighter feedlot profitability.
Not enough comparable past events yet for a historical read.
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.