#5 Price recovery
Ethanol prices have been on the rebound: April was good for the ethanol market, which is in turn helping to support crush margins thanks to feedstock prices that fell just enough. On Monday evening, crush margins for both wheat and corn were the highest since March 18. Falling corn prices in both the US and Latin America are helping to weigh on European corn while bumper wheat crops in many markets are also helping to temper wheat prices.
The crush margin outlook is improving. Last month we reported that the margin outlook for ethanol producers keeps getting better and better thanks to falling feedstock prices mixed with the highest ethanol price assessments seen in more than six weeks. Milling wheat crush margins are also at six-week highs while feed wheat and corn both saw their margins move higher.
Use your ← → (arrow) keys to browse
