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Market commentary notes that US ethanol margins have reached as high as 80 cents, unusual with corn above $5. Soybean crush margins are near $2 as demand for meal and oil stays strong.
USDA projects higher domestic usage this year for both ethanol and soybean crush.
Strong crush and ethanol margins lift demand for soybeans, meal and oil, and firm domestic usage could limit ending stock builds. This supports soy complex prices even with larger production.
leadertelegram.comKarl SetzerDec 6, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
