Loading…
DTN's hypothetical 50-million-gallon Neeley Biofuels plant reported a net loss of 31.8 cents per gallon including debt service, a slight improvement from the January update. The plant's corn cost fell to $3.80 per bushel and its ethanol rack price dropped to $1.40 per gallon.
DDG prices held steady at $140 per ton.
Persistent ethanol losses and rising stocks weaken ethanol plant corn demand at the margin, which is mildly bearish for corn. Steady DDGS prices leave feed buyers with no near-term relief or squeeze.
dtnpf.comTodd NeeleyFeb 20, 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.
