# CoBank: Overall Outlook for Ethanol is Positive

> CoBank forecasts a positive 2024 outlook for ethanol as plants benefit from lower corn prices and better margins. January corn use for fuel alcohol fell 10% month on month and 2% year on year, and restarted plants may add minor oversupply.

- Date: 2024-04-24 · published 2024-04-24T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/30721-cobank-overall-outlook-for-ethanol-is-positive
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Lower corn prices and improved margins support ethanol output and corn grind, while restarted plants could add supply and limit ethanol price gains.

## Read by commodity

- CORN: bullish ▲
- DDGS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-07-16 | [CoBank: US Ethanol Sector Well Positioned for H2 of 2021](https://feedsoft.ai/events/46037-cobank-us-ethanol-sector-well-positioned-for-h2-of-2021.md) | -0.1% | -1.0% |
| CORN | 2023-10-17 | [CoBank Reports a Strong Q3 for US Ethanol Industry](https://feedsoft.ai/events/33606-cobank-reports-a-strong-q3-for-us-ethanol-industry.md) | +2.6% | -1.6% |
| CORN | 2019-12-31 | [Multiple signs reinforce positive sorghum outlook for 2020](https://feedsoft.ai/events/55637-multiple-signs-reinforce-positive-sorghum-outlook-for-2020.md) | -0.6% | +0.1% |
| CORN | 2023-04-19 | [CoBank Reports Strong Q1 Finish for US Ethanol Industry](https://feedsoft.ai/events/36390-cobank-reports-strong-q1-finish-for-us-ethanol-industry.md) | -1.0% | -8.5% |
| CORN | 2023-07-19 | [CoBank: Ethanol Industry Delivers Strong Q2 Results](https://feedsoft.ai/events/35030-cobank-ethanol-industry-delivers-strong-q2-results.md) | +13.6% | -6.1% |

## Sources

- mnbiofuels.org: https://mnbiofuels.org/cobank-overall-outlook-for-ethanol-is-positive

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