Loading…
Ethanol producers in the Midwest are facing high vomitoxin levels in much of last year's record corn crop, with supplies from Ohio, Michigan, Wisconsin, Iowa and Indiana reported above maximum levels allowed for human and animal feed. Ethanol production concentrates mycotoxin levels to roughly three times the original level.
Contaminated corn limits usable feed supply and pushes DDGS prices, already near their lowest since 2009, lower, while weak ethanol margins add further pressure on DDGS demand and prices.
biofuelsdigest.comMeghan SappApr 24, 2017Not enough comparable past events yet for a historical read.
After 175 past bearish disease events, Corn moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.5%), and +0.6% over 20.
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.
