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A grain silo explosion and fire shut an Illinois ethanol plant. The article notes that ethanol margins in the Corn Belt are at 11 cents per gallon, below a seven-year high reached late last year.
A plant outage reduces ethanol and DDGS output and cuts corn grind locally, which is mildly bearish for corn and bullish for DDGS through tighter supply. The effect is likely limited because one plant is a small share of total capacity.
reuters.comP.J. HuffstutterMay 12, 2022Not enough comparable past events yet for a historical read.
After 359 past bearish logistics events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -1.5% to +1.5%), and -0.5% over 20.
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.
