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Platts reports that rising corn prices are squeezing Midwest ethanol crush margins, which fell to 2.96 cents per gallon. Corn futures rose nearly 14 cents in a week after China dropped its investigation into US sorghum exports.
Ethanol output is still above 1.05 million barrels per day.
Higher corn prices and tighter ethanol margins could slow ethanol output and reduce DDGS supply later. The sorghum-probe news lifted corn and other grains.
biofuelsdigest.comMeghan SappMay 22, 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.
