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Ethanol futures fell nearly 8 cents per gallon in the past month to about $1.54 per gallon, while corn rose about 15 cents per bushel at DTN's hypothetical South Dakota plant. Net margins weakened, with a 17.3-cent loss per gallon on a debt-service basis.
Squeezed ethanol margins can reduce plant grind and corn demand, a bearish signal for corn at the margin, while higher corn costs are the immediate driver of the margin pressure.
dtnpf.comTodd NeeleyApr 30, 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.
