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Iowa's biofuels industry is described as resurgent, with POET buying five Iowa ethanol plants and one Nebraska plant from Flint Hills Resources. The deal expands POET's capacity by 40% to 3 billion gallons a year and is expected to raise its corn purchases above 1 billion bushels annually.
Expanded ethanol capacity increases corn grind and DDGS output over time, supporting corn demand and feed co-product supply.
thegazette.comErin JordanSep 21, 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.
