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Western Plains Energy, an ethanol plant in northwest Kansas, reports another drought year that raised grain prices and squeezed margins. The plant is running more sorghum than usual because a small corn crop has pushed up corn basis.
It is also sourcing grain from a wider area.
Small corn supplies lifting local basis is steering ethanol feedstock demand toward sorghum, supporting sorghum demand in the Plains while tightening corn availability.
brownfieldagnews.comMark DorenkampNov 21, 2024Not enough comparable past events yet for a historical read.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
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.
