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Corn prices rose sharply to $3.79 per bushel for a hypothetical South Dakota ethanol plant, cutting its margin to a 22.2-cent loss per gallon. DDGS prices rose to $147 per ton from $112.
Ethanol production is at a 15-year low, and inventories are the lowest since 2016.
Higher corn prices and weak ethanol output are the main drivers here. Lower ethanol production signals reduced DDGS supply, which supports feed-ingredient prices.
Not 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.
