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The spot T2 ethanol price fell to a new multi-year low on Monday, and production margins also declined despite a sharp drop in natural gas costs. The article is a paywalled subscriber note with limited detail.
Lower ethanol prices weaken the value of corn-based ethanol co-products and reduce plant economics, which can pressure DDGS prices and corn demand from ethanol.
qcintel.comDec 11, 2023Not 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.
