Loading…
Raymond James analyst Pavel Molchanov told the National Ethanol Conference that the ethanol industry has passed its worst period and is set to rebalance. Ethanol prices rebounded, with Chicago Argo reaching $1.3445 per gallon, and the crush margin turned positive for the first time since October.
He cited China's planned 10% ethanol mandate for 2020 as a future demand driver.
Improving crush margins mean ethanol plants may resume production, which would support corn grind and DDGS supply. Future Chinese mandates could expand export demand for U.S. ethanol.
governorsbiofuelscoalition.orgFeb 15, 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.
