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North Dakota ethanol plants are paying up to 50 cents per bushel more to get farmers to harvest corn left in fields after early October snow. Wet corn must be artificially dried before use, adding costs.
Producers say rising corn costs are squeezing ethanol margins across the Corn Belt.
Higher local corn bids and drying costs tighten ethanol plant margins, which can support corn basis while slowing ethanol output if margins stay thin.
kfyrtv.comJacob NotermannNov 16, 2019After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
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.
