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Ethanol plant margins improved despite a 44-cent rise in ethanol rack prices since December and a jump in corn futures to $5.46 per bushel. DDG prices rose by $78 per ton since October 2020 as plants recovered from February weather disruptions.
Stronger DDGS prices offset higher corn costs for ethanol producers, supporting DDGS demand as a feed ingredient and easing pressure on corn demand from the ethanol sector.
dtnpf.comTodd NeeleyMar 5, 2021Not 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.
