Second-highest corn crop on record could push down feedstock prices even further

September 13, 2018 |

In Washington, Platts reports that USDA data shows corn stocks will grow in the next season well above market expectations to 1.774 billion bushels for 2018/19. As such, excess supplies will continue to weigh on prices, helping to improve crushing margins for ethanol producers who are suffering from multi-year low prices. Higher yields account for the increased estimates, which would see the crop come in at the second-highest level ever if the new estimate proves accurate.

Print Friendly, PDF & Email

Tags: , ,

Category: Producer News

Thank you for visting the Digest.