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Corn stocks are tightening, pushing prices higher and more volatile. An NDSU economist says wheat is becoming an alternative feed source as corn gets more expensive.
Ethanol corn use is also lower, and USDA expects that to continue.
Higher corn prices are encouraging feed users to substitute wheat, which can cap corn gains and lift wheat demand. Lower ethanol grind reduces corn demand and DDGS output.
rrfn.comCarah HartJan 28, 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.
