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Pacific Ethanol idled its 45-million-gallon Aurora, Nebraska plant and laid off 26 workers. Green Plains reportedly idled its 55-million-gallon Fergus Falls, Minnesota plant because of weak margins, and ethanol production is outrunning blending demand.
Idling ethanol capacity lowers corn grind and corn demand, which is bearish for corn. Lower DDGS output tightens DDGS supply.
dtnpf.comTodd NeeleyDec 20, 2018Not 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.
