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The RFA estimates that about two dozen of the roughly 200 US ethanol plants are idle and another two dozen have cut output. Margins turned negative in early December and had only recently returned to break-even before the latest corn price spike.
Idled and slowed plants reduce corn grind and DDGS output. The sharp corn rally has likely pushed margins back negative, which weighs on corn demand.
agriculture.comJerry PerkinsJan 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.
