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POET's corporate affairs VP says US ethanol margins are near record levels, rebounding sharply from the 2020 pandemic lows. Nebraska ethanol averaged $3.06 per gallon, more than $2 above a year earlier.
Strong cash corn prices, in some cases above futures, are tied to the improved margins.
Strong ethanol margins encourage plants to run harder and bid up corn, supporting cash corn prices in the Midwest. Feed buyers face firmer local corn values.
wnax.comDec 7, 2021Not 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.
