Loading…
President Biden issued an emergency fuel waiver allowing E-15 gasoline blends to be sold over the summer, despite normal Clean Air Act restrictions. The waiver is expected to increase ethanol production and, with it, DDGS output.
Higher ethanol blending demand increases corn grind, supporting corn demand, and raises DDGS supply for feed buyers. The policy change is a meaningful driver of both corn and co-product markets.
steqtech.comST TechJul 19, 2022After 318 past bullish policy events, CORN moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% 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.
