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Ethanol production has fallen about 45% over three weeks as plants halted quickly when storage tanks filled. Ethanol prices collapsed below $1 per gallon, but lower feedstock costs and higher DDG and corn oil prices have kept margins near breakeven.
Analysts expect animal diets to shift away from DDG back toward corn and soymeal.
Reduced DDG supply and the shift in feed rations toward corn and soymeal support those feed ingredients, while lower corn feedstock costs pressure corn prices.
thevineadvisors.comThad MalitApr 21, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
