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Brownfield reports the RFA CEO expects ethanol crush margins to shrink further as corn futures rise. Higher oil prices, strong DDGS demand and record corn oil prices have kept many producers profitable so far.
Thinner ethanol margins could cut corn grind later in summer, especially before new crop arrives, which could weigh on corn demand while DDGS demand supports feed prices.
biofuelsdigest.comMeghan SappMay 20, 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.
