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U.S. ethanol output has held up, but corn processing margins have collapsed from $1.80 per gallon at the end of November to only a few cents above zero. Demand for ethanol has sagged over the past two months.
Thinner ethanol margins may reduce plant run rates and corn grind, easing feed-grain demand and pressuring corn and co-product prices.
reuters.comKaren BraunJan 27, 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.
