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Platts reported that the front and second-month Chicago ethanol swap backwardation reached a six-month high of 4.75 cents. Crush margins turned positive for the first time in three months, and at least 60 ethanol plants remain mothballed though many are slowly restarting.
Tight ethanol supply and positive crush margins signal firmer ethanol-linked demand for corn and stronger DDGS output ahead.
biofuelsdigest.comMeghan SappMay 19, 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.
