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Article describes how US fuel demand has recovered from the 2020 pandemic slump and ethanol plants have restarted. Corn prices rose 28% between April 1 and May 4 to $7.30 per bushel, the largest monthly gain in a decade.
Renewed ethanol grinding adds to corn demand at a time of rapid price gains, which tightens feed grain supplies and raises feed costs for buyers.
qz.comTim McDonnellMay 6, 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.
