# CoBank Reports Strong Q1 Finish for US Ethanol Industry

> CoBank's quarterly report says US ethanol production averaged 15.4 billion gallons annualized in Q1 2023, slightly below 2022's 15.5 billion. Pretax margins rose from 7 cents per gallon at the start of the quarter to long-term average levels of 28 cents by quarter end.

- Date: 2023-04-19 · published 2023-04-19T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/36390-cobank-reports-strong-q1-finish-for-us-ethanol-industry
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Stronger margins from cheaper corn and natural gas support ethanol plant grind demand for corn and DDGS output, though the effect on feed prices is modest.

## Read by commodity

- CORN: bullish ▲
- DDGS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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% |
| CORN | 2023-10-26 | [ADM Reports Strong Q3 for Ethanol](https://feedsoft.ai/events/33607-adm-reports-strong-q3-for-ethanol.md) | -3.5% | -3.6% |
| CORN | 2024-10-15 | [CoBank Predicts Ethanol Industry Earnings Will Remain Stable](https://feedsoft.ai/events/27838-cobank-predicts-ethanol-industry-earnings-will-remain-stable.md) | -0.1% | +2.6% |
| CORN | 2024-04-30 | [ADM Reports Improved Q1 Earnings For Dry Mill Ethanol Plants](https://feedsoft.ai/events/30245-adm-reports-improved-q1-earnings-for-dry-mill-ethanol-plants.md) | +3.0% | +7.6% |

## Sources

- mnbiofuels.org: https://mnbiofuels.org/cobank-reports-strong-q1-finish-for-us-ethanol-industry

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