Ethanol crush margins turns positive for second time in 2020

In Texas, Platts reports that crush margins for ethanol have flipped into positive territory for the second time this year at 0.06/gal, up 2.75 cents in about a week, thanks to ethanol prices rising faster than corn futures despite Energy Information Administration data showing that production only fell 48,000 barrels per day on average during the week ending February 7. Ethanol stocks rose that week by 884,000 barrels with all five regions seeing stock builds even with slightly lower production and still ethanol prices rose.