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US ethanol output is set to hit records as processing margins widen, with Fastmarkets citing EIA data showing production at 1.106 million b/d in the week ended October 22, just short of the 2017 record. Margins for processing corn into ethanol reached about $0.91 per gallon, the highest since December 2014 according to Iowa State University data.
Strong ethanol margins pull more corn into grind, supporting domestic corn demand and Chicago corn prices, while higher ethanol output also raises DDGS supply.
fastmarkets.comJocelyn GarciaNov 29, 2021Not 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.
