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Chicago Argo ethanol edged close to a six-month high at $1.71 per gallon on Monday, December 5. Stocks fell by more than half a million barrels in the prior week, and November and likely December exports averaged about 90,000 barrels per day.
Corn futures rose to $3.495 per bushel.
Tighter ethanol stocks and steady exports support ethanol prices and corn demand, with limited direct impact on feed prices.
biofuelsdigest.comMeghan SappDec 6, 2016Not 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.
