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Midwest ethanol crush margins rose 2.59 cents per gallon to about 28.39 cents per gallon on Monday, driven by falling corn prices ahead of a large harvest. Ethanol output remains above one million barrels per day.
National ethanol stocks reached 21.347 million barrels, and stocks rose in four of five regions.
Strong margins keep ethanol plants running and grinding corn, supporting corn demand, but rising ethanol stocks point to weaker prices ahead. Lower corn costs also favor feed buyers.
biofuelsdigest.comMeghan SappAug 15, 2017Not 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.
