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DTN's hypothetical South Dakota ethanol plant still shows a negative margin of 31.9 cents per gallon including debt service, little changed from January. An analyst told the National Ethanol Conference that the worst is behind the industry and cited new export markets in Mexico and Ukraine.
DDGS prices helped margins somewhat.
Persistent negative crush margins keep ethanol plants curtailing, which reduces corn grind and DDGS output. Recovery in export demand would support corn and DDGS prices later in 2019.
ocj.comJoel PenhorwoodFeb 14, 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.
