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Summit Commodities analyst Tomm Pfitzenmaier says local ethanol plants may bid up for corn this winter, creating basis opportunities for farmers holding stored corn. He cites strong gasoline demand, weak corn prices and a sharp rise in meal prices that pulled DDGS values higher.
Ethanol plant bidding for corn supports local cash basis and firm DDGS values, which matter for feed buyers' cost of inputs. Strong ethanol margins sustain corn grind demand.
brownfieldagnews.comCarah HartOct 30, 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.
