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C-MACC reports that US ethanol margins have fallen to year-to-date lows near breakeven despite strong production and a new weekly output record in November. Global ammonia prices hit a 2024 high in 4Q24, though the firm expects those gains could reverse in 1H25.
Thin ethanol margins may curb plant run rates and reduce DDGS output, while firmer corn prices and high ammonia costs squeeze processors and fertilizer-dependent growers.
c-macc.comDec 18, 2024Not 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.
