What You Need To Know Today:
Ethanol margins continue to run well above year-ago and normal seasonal values, but have slipped in recent weeks on weaker DDGS and ethanol pricing. WPI’s models project a steady decrease in returns to ethanol production following the end of the summer driving season. The decline in ethanol production margins, however, will be insufficient to pressure the grind rate. Biodiesel margins are jumping to new record highs as D4 RINs prices hover near two-year highs, and soyoil values retreat. The EPA’s latest RVOs suggest D4 RINs values and biodiesel demand will both remain strong through the end of the year.
Ethanol U.S. ethanol plant margins have moderated somewhat since their recent...
Markets are getting a quarter-end reality check as September comes to a close. Growth, inflation and interest rates remain central to the macro outlook, while tight diesel supplies keep pressure on the cost of moving goods. States are stepping in with relief, but policy changes alone cannot reb...
Key Takeaways: Russia recently said it would convert existing export terminals in the Baltic and Arctic Seas to handle grain as the Black and Azov Seas remain closed to maritime trade. Futures markets reacted negatively to this news, but does the conversion matter to short-term and long-...
Key Takeaways: 1 September corn stocks totaled 2.095 billion bushels, 171 million above expectations and 544 million above last year, providing additional cushion for the 2026/27 balance sheet and potentially adding near-term pressure to prices. June-August corn disappearance increased just 10...
