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US ethanol margins hit an all-time high in late October, supporting corn demand from the ethanol sector, with Chicago corn trading higher each day of the prior week. The report also notes La Niña is 70% likely, Brazilian planting progress, Turkish wheat forecast cuts, and Russian export tax effects.
Record ethanol margins lift corn demand expectations, while the wider wheat and fertilizer tightness adds to upward price pressure across feed grains.
czapp.comAlberto CarmonaNov 4, 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.
