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The Andersons says ethanol consolidation will continue given some of the worst returns in a decade, with ethanol margins at about 15 cents a gallon. Trump's trade war has halted sales to China and worsened the glut of ethanol.
Weak ethanol margins and plant closures or sales signal reduced corn grind risk and potential DDGS oversupply, which weighs on corn and DDGS prices.
energynow.comApr 24, 2019, by Isis AlmeidaApr 25, 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.
