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Corn Plus, an ethanol co-op in Winnebago, Minnesota, is closing indefinitely after 25 years, laying off 37 workers. The article links the closure to low margins, a saturated ethanol market and the ongoing trade war with China.
One plant closure removes a modest amount of corn demand and DDGS supply; it reflects the broader ethanol downturn that is weighing on Midwest corn use.
mprnews.orgCatharine RichertSep 9, 2019Not 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.
