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Ethanol refiners are consolidating as thin margins from the China trade war and RFS exemptions for oil companies persist. Several Midwestern ethanol plants are publicly for sale.
RFA CEO Geoff Cooper said the outlook is improving as summer driving season approaches and EIA data show falling stocks.
Plant sales and closures can reduce ethanol output capacity over time, which lowers corn grind and DDGS supply. Near-term effects on prices are limited while plants keep operating.
brownfieldagnews.comMark DorenkampMay 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.
