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A University of Illinois analysis estimates that U.S. ethanol production profitability fell in 2017 compared with 2013-14 and 2015-16. The study uses a representative Iowa plant model and notes that production growth has outpaced rising domestic and export use.
Lower ethanol plant profitability limits how aggressively plants will expand or bid for corn, a modest headwind for corn demand.
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.