The main factor of a possible reduction in corn prices is the weakening of the demand for culture on the part of processors.
Complements the situation and time factor. In winter, reduced use of vehicles, which leads to an annual reduction of demand for ethanol.
Over the past year and a half volumes of ethanol in the U.S. is at a record level. Since the last decade of November 2016, the daily ethanol production in the United States amounted to 1 million barrels.
Currently the cost of corn on U.S. exchanges dropped to a historic low – a little more than $ 3.36 per bushel. Experts predict a fall in corn prices to continue until the end of the first quarter of 2018. If exports of ethanol will not increase, and the price of corn collapses, America is waiting for a reduction in the production of the grain.
Photo: elevatorist.com
Translated by service "Yandex.Translation"