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Domestic U.S. ethanol sales dipped slightly in 2018, the first decline in about two decades, while production hit records. Industry members blame a large number of EPA blending waivers issued to refiners in 2017, and ethanol prices fell to levels not seen in over a decade.
Weak ethanol prices and reduced blending demand lower the margin for ethanol plants, which can reduce corn grind and DDGS output over time, pressuring corn demand.
m.startribune.comMar 16, 2019After 310 past bearish policy events, Corn moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.
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.
