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DTN's hypothetical Neeley Biofuels plant in South Dakota reported its net-profit margin rose from 4 cents to 9.4 cents per gallon since July 13. The plant paid $3.25 per bushel for corn, down from $3.80 in May, and received $112 per ton for DDGS.
Most real ethanol plants are not paying debt and would earn about 41 cents per gallon.
Cheaper corn is the main driver of better ethanol margins, which supports plant operating rates and corn demand. DDGS prices are slipping slightly, which limits co-product support.
dtnpf.comTodd NeeleyAug 14, 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.
