Ag Perspectives' April 9 briefing covers ethanol margins that rose sharply after the Strait of Hormuz closure lifted energy values, with USDA data showing average margins of $1.34/gallon and ethanol above $2/gallon. The same update reports Dec 26 corn at $4.4775, Dec 26 wheat at $6.035, and cattle futures sliding on weak cash prices and feedlot margins.
Higher energy prices are boosting ethanol and DDGS values, supporting corn demand for ethanol and co-product pricing, while weakening cattle prices signal softer feeder demand.
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.
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.