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Ethanol producer margins rose about 70% this year to roughly 80 cents per gallon, per Bloomberg Intelligence data, as strong summer driving demand and cheaper corn lifted profits. Margins in July touched their highest level since late 2021.
Healthier ethanol margins encourage plants to run harder, which supports corn grind demand and DDGS output. Stronger crush economics are mildly supportive for corn and bullish for the co-product feed supply outlook.
news.bloomberglaw.comTarso Veloso, Kim ChipmanAug 8, 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.
