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Argo ethanol and Chicago futures continued to slide on Tuesday after USDA's bearish January grains report released Monday. The decline followed the report's supply-side surprises.
Lower ethanol and futures prices reflect the market reaction to larger corn supply estimates, which reduces corn's value and therefore the cost basis for DDGS and feed grains.
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.