# Chicago ethanol swaps slip into largest backwardation in six months  : The Daily Digest

> 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.

- Date: 2020-05-19 · published 2020-05-19T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/53227-chicago-ethanol-swaps-slip-into-largest-backwardation-in-six-months-the-daily
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Tight ethanol supply and positive crush margins signal firmer ethanol-linked demand for corn and stronger DDGS output ahead.

## Read by commodity

- CORN: bullish ▲
- DDGS: bullish ▲

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/chicago-ethanol-swaps-slip-into-largest-backwardation-in-six-months/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.