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Maize prices have risen across global grain markets, and the ratio of ethanol to corn futures has fallen 6.5% since early May. U.S. ethanol output in early July was the highest for the month since 2010.
If ethanol producers cut output because of squeezed margins, U.S. corn demand could ease and take pressure off global grain prices.
ahdb.org.ukJul 19, 2019Not 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.
