# Ethanol industry still recovering from COVID hit - Farm and Dairy

> US ethanol production fell to record lows in April when stay-at-home orders cut gasoline demand by about half, and 73 plants idled. Production has recovered slowly but 2020 output is projected below 2019, with an estimated $8 billion industry loss this year.

- Date: 2020-11-04 · published 2020-11-04T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/50138-ethanol-industry-still-recovering-from-covid-hit-farm-and-dairy
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Lower ethanol output reduces corn grind and DDGS supply, a background factor that has eased corn demand and tightened co-product availability.

## Read by commodity

- CORN: bearish ▼
- DDGS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-01-21 | [COVID causes ethanol losses: Sharpest downturn in industry history – AgriNews](https://feedsoft.ai/events/49267-covid-causes-ethanol-losses-sharpest-downturn-in-industry-history-agrinews.md) | +3.8% | +2.7% |
| CORN | 2020-03-30 | [Ethanol Market Is Disturbing to American Farmers. And Now There's Covid-19.](https://feedsoft.ai/events/54231-ethanol-market-is-disturbing-to-american-farmers-and-now-there-s-covid-19.md) | +3.6% | -5.7% |
| CORN | 2020-03-13 | [U.S. ethanol industry 'bleeding' on oil collapse, coronavirus](https://feedsoft.ai/events/54132-u-s-ethanol-industry-bleeding-on-oil-collapse-coronavirus.md) | -4.2% | -1.9% |
| CORN | 2020-08-08 | [Slowdown in ethanol production affects livestock industry – Wyoming Livestock Roundup](https://feedsoft.ai/events/51711-slowdown-in-ethanol-production-affects-livestock-industry-wyoming-livestock.md) | +4.0% | +9.0% |
| CORN | 2020-07-10 | [COVID drops corn and cotton; soybeans stable and rice gets stronger \| Quality Farm Supply](https://feedsoft.ai/events/5363-covid-drops-corn-and-cotton-soybeans-stable-and-rice-gets-stronger-quality-farm.md) | -4.9% | -7.5% |

## Sources

- farmanddairy.com: https://www.farmanddairy.com/news/ethanol-industry-still-recovering-from-covid-hit/636834.html

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