Loading…
Corn bulls noted another week of record US ethanol production, though gross margins at ethanol plants are weakening. A producer priced 5% of estimated new-crop output at $3.94 per bushel against December 2017 futures.
Concern that record ethanol demand headlines may fade, together with rising global corn export competition, could weigh on corn prices and bullish sentiment.
farmprogress.comKevin Van TrumpJan 23, 2017Not 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.
