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Two commodity analysts say weak ethanol demand from COVID-19 could permanently close some smaller, inefficient US ethanol plants. They argue closures would remove corn demand at a time when global yields are high.
Permanent plant closures would cut US corn grind and DDGS output, a bearish factor for corn demand over time, though the effect depends on how many plants shut down.
brownfieldagnews.comLarry LeeMay 7, 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.
