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Ethanol production in August rose 4.5% from a year earlier as strong margins encouraged output, and the market appears flooded with ethanol, pushing ethanol futures lower. Distillers grains prices are down as China's consumption has fallen since the 2017 tariffs on US product.
Abundant ethanol and weak DDGS demand from China pressure co-product prices. Continued high output would keep DDGS values under pressure unless export demand picks up.
mckeany-flavell.comadminSep 26, 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.
