Loading…
A University of Illinois analysis finds ethanol plant profitability was squeezed in 2018 by the lowest ethanol prices in a decade, RFS policy setbacks, and resistance to a year-round E15 waiver. DDGS prices were a bright spot, but total revenue of $1.75 per gallon was slightly below 2017.
Weak ethanol margins reduce plant run rates and corn grind, which softens corn demand. Stronger DDGS prices partly offset the squeeze for feed buyers.
ocj.comBrianna SmithFeb 20, 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.
