
The Andersons reported a record Q3 Renewables segment pretax income of $63 million, up from $43 million a year earlier, driven by corn oil co-product values and low-carbon ethanol. The company also recognized $27 million in 45Z producer tax credits and brought a new soybean meal export facility at the Port of Houston into operation, with an ethanol expansion in Clymers, Indiana due by mid-2027.
Added ethanol capacity in Indiana will tighten corn demand in the eastern belt, and new Houston meal export capacity adds export-side pull on soybean meal. Modest effects on feed-ingredient prices overall.
After 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.
After 172 past bullish policy events, Soybean Meal moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% 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.