Loading…
An Indiana Corn Growers Association member told EPA officials at an October 30 public hearing that ethanol plants are a key market for corn growers. The hearing addressed the EPA's October 15 proposal on renewable fuel obligations.
A 30-day comment period follows, and the EPA wants to finalize the rule before year-end.
Ethanol demand for corn depends on how the RFS obligations are finalized, so the outcome of this proposal affects corn demand. This is commentary on a pending rule rather than a new change in volumes.
morningagclips.comKyleNov 6, 2019After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
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.
