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CoBank's second quarter report says the US fuel ethanol sector beat expectations, with production above 16 billion gallons and average daily operating margins doubling to 26 cents. The report flags E15 legal uncertainty, biofuel policy friction and EV adoption as risks.
Strong ethanol margins support continued corn grind for ethanol and DDGS output, while policy uncertainty around biofuel mandates adds risk to corn demand.
mnbiofuels.orgLiliana TovarJul 16, 2021After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.
