# CoBank: Ethanol Industry Continues To Recover in Q4

> CoBank's quarterly report says US ethanol output rose 3.5% in Q4 2020 to 14.7 million gallons a day, about 90% of pre-COVID levels. Operating margins for a representative Iowa plant fell 10 cents to 11 cents per gallon as corn prices rose 26% and natural gas rose 19%.

- Date: 2021-01-19 · published 2021-01-19T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/49146-cobank-ethanol-industry-continues-to-recover-in-q4
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Higher corn costs squeezed ethanol margins, which can slow grind and reduce corn demand. Strong distillers grains values could support DDGS prices and partly offset that margin pressure.

## Read by commodity

- CORN: bearish ▼
- DDGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-03-16 | [Lower prices signal pork sector recovery continues in China](https://feedsoft.ai/events/65975-lower-prices-signal-pork-sector-recovery-continues-in-china.md) | -2.0% | +1.9% |
| CORN | 2017-08-17 | [CoBank report says ethanol industry will soon face worsening margins that could lead to consolidation  : The Daily Digest](https://feedsoft.ai/events/69458-cobank-report-says-ethanol-industry-will-soon-face-worsening-margins-that-could.md) | -2.7% | -3.9% |
| CORN | 2024-04-12 | [CoBank: Grain, oilseed prices continue to slide \| World Grain](https://feedsoft.ai/events/30865-cobank-grain-oilseed-prices-continue-to-slide-world-grain.md) | -0.2% | +1.2% |
| CORN | 2018-08-02 | [Ukraine grain juggernaut continues to rise in the East - Grain Central](https://feedsoft.ai/events/63392-ukraine-grain-juggernaut-continues-to-rise-in-the-east-grain-central.md) | +9.3% | -3.4% |
| CORN | 2024-01-29 | [Whey demand continues to dwindle - Dairy Star](https://feedsoft.ai/events/6014-whey-demand-continues-to-dwindle-dairy-star.md) | -0.7% | -7.2% |

## Sources

- mnbiofuels.org: https://www.mnbiofuels.org/cobank-ethanol-industry-continues-to-recover-in-q4

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