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U.S. ethanol inventories hit a record 23.7 million barrels last week. An Iowa-based ethanol producer says margins remain profitable, with plants able to lock in 15 to 25 cents, and expects stocks to shrink as driving season picks up.
Record ethanol stocks are bearish for ethanol output and corn grind, which reduces DDGS supply pressure only if production is cut. Continued margins mean plants are likely to keep running, supporting ongoing DDGS and corn byproduct supply.
brownfieldagnews.comApr 12, 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.
