# CoBank Maintains Positive Outlook for Ethanol

> CoBank kept a positive outlook for US ethanol production in its July 11 quarterly report, citing higher margins from lower corn and natural gas prices. It also noted strong export demand and a narrowing ethanol discount to gasoline.

- Date: 2024-07-16 · published 2024-07-16T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/29245-cobank-maintains-positive-outlook-for-ethanol
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Sustained ethanol margins support continued grind and DDGS output, while lower corn prices reflect ample supply that weighs on feed grain values.

## Read by commodity

- CORN: neutral
- DDGS: neutral
- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-06-07 | [USDA Maintains Forecast for FY 2023 Ethanol Exports](https://feedsoft.ai/events/35475-usda-maintains-forecast-for-fy-2023-ethanol-exports.md) | +3.6% | -5.8% |
| CORN | 2019-12-27 | [‘Positive outlook’ for poultry in 2020 - Food & Agribusiness](https://feedsoft.ai/events/55717-positive-outlook-for-poultry-in-2020-food-and-agribusiness.md) | -0.3% | +0.4% |
| CORN | 2024-02-08 | [WASDE maintains forecast for corn use in ethanol, corn prices \| Ethanol Producer Magazine](https://feedsoft.ai/events/31776-wasde-maintains-forecast-for-corn-use-in-ethanol-corn-prices-ethanol-producer.md) | -1.4% | +1.6% |
| CORN | 2017-12-14 | [Rabobank: Promising outlook for poultry in 2018](https://feedsoft.ai/events/67616-rabobank-promising-outlook-for-poultry-in-2018.md) | +2.3% | +2.4% |
| CORN | 2026-06-22 | [Fair yield outlook maintained for winter crops - Joint Research Centre](https://feedsoft.ai/events/18754-fair-yield-outlook-maintained-for-winter-crops-joint-research-centre.md) | -0.8% | +1.9% |
| NATGAS | 2022-01-18 | [CoBank: Ethanol Enters 2022 With 'Considerable Momentum'](https://feedsoft.ai/events/43129-cobank-ethanol-enters-2022-with-considerable-momentum.md) | -4.7% | -4.5% |
| NATGAS | 2018-09-12 | [EIA Short-Term Energy Outlook - Fuels Market News](https://feedsoft.ai/events/63219-eia-short-term-energy-outlook-fuels-market-news.md) | +2.9% | +15.6% |
| NATGAS | 2022-04-15 | [Int. Energy Agency cuts global gas demand outlook by 50B cubic meters due to war](https://feedsoft.ai/events/42054-int-energy-agency-cuts-global-gas-demand-outlook-by-50b-cubic-meters-due-to-war.md) | -7.8% | +8.3% |

## Sources

- mnbiofuels.org: https://www.mnbiofuels.org/cobank-maintains-positive-outlook-for-ethanol

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.