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Higher ethanol production could meet more export demand, according to a Reuters-based report, with output near record highs and profit margins surging. Ethanol shipments over the first eight months of 2021 fell 10% year on year to 796 million gallons, the lowest in five years.
Weak export demand from Brazil and China leaves potential stockpile buildup, which could cap ethanol prices and reduce the pace of corn grind growth.
newsdakota.comNov 1, 2021After 480 past neutral trade events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
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.
