RFA sees ethanol crush margins thinning ahead of new crop

In Washington, Brownfield Ag News reports the CEO of the Renewable Fuels Association expects crushing margins to shrink further in light of increasing corn futures prices. With higher oil prices and strong demand for DDGS as well as record high prices for corn oil, many producers have been able to keep afloat despite thinner margins, but the market looks tight later this summer ahead of the new corn crop which could make for challenging market conditions.