The weekly ethanol production numbers showed a slight gain. According to Van Ahn and Company market analyst Kristi Van Ahn, that is a hopeful sign. “If plants were only shut down for one month or a month and a half, that would make me hopeful the USDA cut too much ethanol. If plants can call this their maintenance period and come back and grind the rest of the year, that’s going to be really good.” Van Ahn says there are still many unknowns about ethanol demand. “All of these things are nice to see, but let’s not forget we’re stacked in a narrow range. We’re not where we need to be, but we’re seeing some positive action across the board.”
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