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Minnesota corn farmers finished harvest with October average prices of $3.02 per bushel, 13 cents below a year earlier and well below production costs. The EPA's 2018 renewable fuel standard held at 15 billion gallons, with cellulosic volumes down 7%.
Stable RFS volumes support ethanol corn demand, but low farm prices relative to costs keep pressure on corn markets and farmer selling.
governorsbiofuelscoalition.orgDec 21, 2017After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
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.
