Loading…
A CoBank report says excess US ethanol capacity and export competition from Brazil will force the industry to transform, with weaker operators likely to exit. Top-tier operators have still earned attractive margins through proximity to corn and efficient processing.
The report signals gradual capacity rationalization that could eventually cut corn grind and DDGS supply. Near-term price impact is limited.
apnews.comCobankJun 18, 2020After 770 past neutral report events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
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.
