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US ethanol output over the last three months was a record for the period, while ethanol prices fell about 20%. Exports have surged and helped offset the output growth.
Record ethanol output consumes large volumes of corn and produces DDGS, which supports corn demand but adds feed supply; lower ethanol prices weigh on margins and corn-use economics.
reuters.comKaren BraunOct 10, 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.
