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Ethanol plant profits are near record levels, with an Iowa plant model showing $1.34 per gallon in mid-November 2021 versus a record $1.53 in March 2014. Margins were near break-even on August 1 before a strong ethanol price rally in the last four months of the year.
Robust ethanol margins encourage higher plant runs, boosting corn grind and DDGS output, which supports corn prices and adds feed supply.
governorsbiofuelscoalition.orgNov 23, 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.
