# American drivers are saving the corn ethanol industry–for now

> 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.

- Date: 2021-05-06 · published 2021-05-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/47079-american-drivers-are-saving-the-corn-ethanol-industry-for-now
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

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.

## Read by commodity

- CORN: bullish ▲
- DDGS: bullish ▲

## Sources

- qz.com: https://qz.com/2005420/what-do-sky-high-corn-prices-mean-for-ethanol-producers

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.