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The EPA is moving forward with a proposal to allow year-round sales of E15 gasoline, ending summer restrictions. Industry traders say higher ethanol blends would raise DDGS output, but the market will adjust by replacing corn and soymeal in rations.
Higher ethanol output would add DDGS supply to global feed channels, a modestly bearish factor for DDGS and soymeal prices, while supporting corn demand from ethanol.
agcanada.comAGCanadaMar 15, 2019
grainews.caGFM Network NewsMar 14, 2019After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
After 223 past bearish policy events, Soybean Meal moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% over 20.
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.
