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DTN's hypothetical 50-million-gallon South Dakota ethanol plant is reporting deeper losses as corn prices rise and ethanol prices fall. Total domestic ethanol inventories reached a 27-week high in early December while blending fell to 755,000 bpd, the lowest since May.
Rising corn costs combined with oversupplied ethanol and weak blending demand cut plant margins, which can force production curtailments and reduce DDGS output, supporting corn-ethanol demand weakness and firmer corn costs.
governorsbiofuelscoalition.orgDec 10, 2020Not 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.
