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Extreme cold across much of the US is cutting ethanol output, but higher ethanol and DDGS prices are offsetting the production hit. Some ethanol producers are selling natural gas back to the spot market after a sharp gas price rise.
Chicago Argo ethanol reached $1.74/gal, its highest since late 2016, and DDGS hit an all-time high of $305/st CIF New Orleans barges.
Weather-driven production cuts are tightening DDGS supply, and record prices signal firm feed costs for buyers. Cold-related logistics problems add to the upward pressure.
biofuelsdigest.comMeghan SappFeb 17, 2021Not 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.
