Markets

Ethanol Production Drops to Lowest in Over Three Years

U.S. ethanol production earlier this month fell to the lowest levels in over three years, while a tighter grain supply outlook signaled higher corn costs, CME Group said in a report.

Market focus in early January shifted to corn prices, which climbed to six-week highs after the Agriculture Department cut its forecast for domestic stockpiles, with inventories at the end of summer expected to be the smallest in 17 years.

Read More on International Business Times

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities