Ethanol crush continues to fall to -5.91 cents/gal

October 23, 2018 |

In Iowa, Platts reports that its crush margin tracker shows corn-based ethanol plants in the Midwest continue to run at a negative margin, falling to 5.91 cents/gal on Monday compared to 5.31 cents/gal on October 15. Ethanol stocks continue to rise even with falling production, further weighing on prices and cutting into margins despite low corn prices indicative of the recent harvest and typically promote running at high production levels. The only region that saw falling stocks was the Gulf region, indicating likely exports due to foreign buying interest thanks to low prices.

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Category: Producer News

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