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Ethanol production rose to 1.009 million barrels a day last week, with stocks growing to 25.483 million barrels. Iowa State's Center for Agricultural and Rural Development reported that slower demand and high corn prices have left ethanol prices below production cost.
Ethanol prices below production cost and high corn prices signal weaker processing margins, which may slow ethanol output and reduce DDGS and corn demand over time.
biofuelsdigest.comMeghan SappFeb 16, 2022Not enough comparable past events yet for a historical read.
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.
