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AHDB analysis links strong US bioethanol demand to firm Chicago maize prices, with about 36% of US maize used for ethanol over the past two seasons. US weekly ethanol output reached 1,107K b/d in the week ending October 29, near the December 2017 record, and Chicago December maize futures rose $26 in October.
Robust ethanol-driven corn demand supports Chicago and UK feed grain prices, while strong crude and CO2 values reinforce margins.
mainsitelive.azurewebsites.netNov 11, 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.
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.
