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The farmdoc daily analysis estimates profitability of a representative Iowa ethanol plant for calendar 2022 using a long-running model. It assesses how the U.S. ethanol industry navigated the volatility caused by the Ukraine war.
Strong ethanol margins support plant throughput and corn grind, which sustains demand for corn and DDGS. Solid profits mainly reflect the existing operating environment rather than a new shock to prices.
farmdocdaily.illinois.eduHongxia JiaoMar 23, 2023After 1,040 past bullish report events, CORN moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
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.
