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Pacific Ethanol said it is looking to sell some ethanol plants and is producing at about 80% of capacity amid negative margins. Pacific Ethanol and Archer Daniels Midland said a U.S.-China trade deal would be a major benefit to the ethanol industry.
Persistent negative ethanol margins and reduced production signal weaker corn demand from the ethanol sector until trade with China resumes.
dtnpf.comTodd NeeleyAug 1, 2019Not enough comparable past events yet for a historical read.
After 1,982 past trade events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +1.6%), and +0.4% 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.
