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Higher corn costs have squeezed ethanol plant margins, while ethanol and DDGS prices have not kept pace. Eastern Corn Belt plants are slowing their grind, which has pushed local corn basis higher in Indiana and Ohio.
Slower grind cuts corn demand in the east and lowers DDGS supply, leaving local corn basis firm while national corn prices face pressure.
rrfn.comDon WickJul 1, 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.
