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US farm companies including The Andersons are seeking new demand for ethanol in Southeast Asia, pitching it as an energy product that is about $200 a ton cheaper than aromatics. Margins have been hit as the China trade war locked out sales and worsened a domestic glut.
Efforts to open export markets could absorb some surplus ethanol over time, but without a clear change in volumes the effect on corn demand and prices is limited in the near term.
governorsbiofuelscoalition.orgSep 13, 2019After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
