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Renewable Fuels Association CEO Geoff Cooper says high corn prices are thinning ethanol margins. He says producers are managing through higher input costs because oil prices and co-product prices, including distillers corn oil and DDGS, have risen.
Ethanol plants buy large volumes of corn, so tighter margins can reduce grind and corn demand if prices stay high into summer. Strong DDGS and corn oil prices are cushioning the impact for now.
brownfieldagnews.comMark DorenkampMay 18, 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.
