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US ethanol margins were mostly positive through 2023, though spot prices in Chicago fell sharply in December to below $1.65/gal. The industry is focusing on expanding demand as domestic growth looks limited in 2024.
Limited domestic demand growth caps ethanol-driven corn grind and DDGS consumption. Producers' push for new outlets could support feed co-product demand over time.
opis.comcmooreJan 26, 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.
