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Some efficient ethanol plants are staying near capacity by boosting higher-value co-products, producing cellulosic ethanol and cutting costs, while others have shut or cut output. Small refinery exemptions granted by the Trump administration are cited as a major drag on demand, and US ethanol exports fell 19% in the first half of 2019.
Plants running near capacity keep corn grind and DDGS output steadier, but broader shutdowns and SRE-driven demand losses remain bearish for corn and supportive for DDGS prices only where output is cut.
agriculture.comJerry PerkinsSep 19, 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.
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.
