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An industry trader says US ethanol margins have revived, with plant and board-crush margins at seasonally high levels using corn near $2.80-2.90. He notes record-high ethanol inventories and soft domestic demand, while exports are strong, led by Brazil's shift toward sugar.
Strong crush margins encourage ethanol output and corn grind, but record inventories cap prices and limit upside for corn and DDGS demand.
aginfo.netApr 17, 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.
