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Ethanol production margins weakened late in 2022. Iowa State's center put the average dry-mill margin at 34.64 cents per gallon, more than a dollar below a year earlier, as Iowa ethanol prices fell and corn rose to $6.82 a bushel.
Thinner ethanol margins reduce plant run rates and corn grind demand, which weighs on corn and DDGS prices while keeping feedstock costs high for processors.
drgnews.comDRG Media NewsJan 5, 2023Not 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.
