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Industrial Info is tracking more than $1.8 billion in active U.S. ethanol production projects. The EIA estimated Midwest corn ethanol margins fell to an average of 3.5 cents per gallon in the first half of 2019 and to nearly zero in July, due to rising production and falling domestic demand.
Low margins and rising ethanol output point to softer ethanol demand for corn, though new project investment could eventually add to corn use.
industrialinfo.comAug 15, 2019After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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.
