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POET announced it acquired Flint Hills Resources' entire ethanol business, including six plants in Iowa and Nebraska and two terminals. The deal lifts POET's ethanol capacity 40% to 3 billion gallons per year and its DDG output to 7 million tonnes annually.
Consolidation expands the largest US ethanol producer's DDG output, adding feed supply, though the corporate deal itself has limited immediate price impact.
profarmer.comMeghan VickJun 2, 2021Not enough comparable past events yet for a historical read.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
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.
