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Scott Irwin of the University of Illinois says the U.S. ethanol industry posted its first losing season since 2012, with an average loss of about $1.6 million per plant in 2019. He cites a weaker net trade position and efficiency gains, and says China's phase one purchases could lift ethanol exports and prices.
Losses could lead to idled plants and less DDGS output, while a China purchase push would support export-driven demand.
brownfieldagnews.comMark DorenkampJan 30, 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.
