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ADM said it may spin off three large dry mills that produce mainly ethanol after failing to find a buyer since 2016. Ethanol production hit 1.05 million barrels per day, the highest seasonal level in at least five years, amid China tariffs and overcapacity.
Excess ethanol output and consolidation pressure keep ethanol margins weak, which can sustain corn grind for fuel and DDGS supply, with the net effect on feed-grain prices being modest.
agcanada.comAGCanadaApr 26, 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.
