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Share prices of US ethanol producers have rallied since April as gasoline demand rebounded and idled capacity cut output. Ethanol stocks remain high, and Brazil's pandemic response will determine how much demand it provides for US ethanol.
Brazil's import demand is a key outlet for US ethanol; high inventories and uncertain Brazilian demand weigh on margins and ethanol plant grind, which affects corn and DDGS demand.
seekingalpha.comTristan R. BrownMay 12, 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.
