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Row-crop and livestock groups said at the National Ethanol Conference in San Diego that they have settled their food-versus-fuel dispute over the Renewable Fuel Standard. They cited the roughly 5 billion bushels of corn demand from ethanol production as essential to farm income.
Stable ethanol corn demand supports corn prices, while the reduced political conflict lowers the chance of RFS changes that would hit corn demand. Feed buyers face a steady corn-demand backdrop.
dtnpf.comFeb 27, 2017After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
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.
