Loading…
Analysts say the EPA's plan to reallocate biofuel volumes lost to small refinery exemptions and restore the 15 billion-gallon corn ethanol mandate is positive but may not fix ethanol's structural problems. Ethanol exports to China have been absent since March 2018, and many plants are for sale.
Weak ethanol fundamentals limit corn demand growth from the biofuel sector, keeping pressure on corn prices despite the policy announcement.
feedstuffs.comJacqui FatkaOct 7, 2019After 310 past bearish policy events, CORN moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% 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.
