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ADM posted a 41% drop in Q4 profits, though its corn processing unit performed better on steady ethanol and corn product demand. The company is considering the future of its dry mill ethanol plants as margins turned negative, citing weak stocks, negative crush margins and lower Chinese demand for ethanol and DDGS.
Negative crush margins and reduced Chinese DDGS demand point to lower soybean meal and DDGS values, signaling pressure on feed ingredient prices.
biofuelsdigest.comMeghan SappFeb 7, 2017Not enough comparable past events yet for a historical read.
Not 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.
