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Liquidity Energy's market update says ethanol futures opened steady, with the November contract at $1.770 and a slightly backward curve. Its production model holds EIA output at 1.131 million barrels per day with utilization at 76.7%.
Margins are described as stable.
Stable output and margins point to steady ethanol demand for corn and DDGS, with no clear price catalyst. Buyers should expect routine price action.
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.