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Continued pressure on ethanol margins is forcing biofuel refiners to re-evaluate operations amid mounting losses. Green Plains announced that it is permanently closing its 60 million gallon Virginia plant.
Refiner reassessments and plant closures reduce corn grind and co-product output, a mild bearish factor for corn. The story repeats the Green Plains closure already reported.
iowafarmbureau.comNov 19, 2018Not 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.
