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POET's vice president says the ethanol industry is recovering as pandemic-related travel restrictions ease, with plants running at roughly 90 to 95 percent of normal April driving levels. He notes that reduced ethanol output had cut DDGS supply and corn demand over the past year.
A recovery in ethanol output supports corn grind demand and DDGS supply, which is mildly bearish for DDGS and mildly supportive for corn.
brownfieldagnews.comMark DorenkampApr 14, 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.
