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Decision Innovation Solutions analyzes the ethanol gross production margin in Iowa from July 2023 to November 2024, using USDA AMS co-products data. It finds margins mostly below or close to the three-year average since November 2023.
Average corn prices fell from $5.73/bu in 2023 to $4.15/bu in 2024.
Thinner ethanol margins reduce the incentive for plants to run at full capacity, which can soften corn grind demand. Lower corn prices support feed-cost relief for buyers.
decision-innovation.comJing TangNov 19, 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.
