Loading…
Spot ethanol prices were steady to weaker in the week of July 19, 2017 after volatile trading, with ethanol futures down 1.2 cents on the week. Dry-mill ethanol margins rose 10.8 cents to 28.46 cents per gallon on lower corn prices following a bearish WASDE report, while DDGS prices held stable.
Lower corn costs widen ethanol margins and support ethanol plant output, while stable DDGS prices keep co-product revenue firm for feed buyers. Weaker ethanol prices and a bearish corn tone point to modestly softer corn and ethanol-linked values.
grains.orgJul 19, 2017Not enough comparable past events yet for a historical read.
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.
