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US Corn Futures - Jul 24 (ZCN4)

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Currency in USD
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450.00
+4.00(+0.90%)
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US Corn Futures Discussions

Spot price ethanol 1.34 /gallon, still cheaper than gas, and WTI hit $50 today. Interesting Ethanol is almost 30% of corn production according to World of Corn. I had no idea it was that much. Right now, everything that is not USD is going up. ETR
Gasoline has 50% more energy/mileage per gallon. $1.34 for ethanol = $2.01 for gasoline in terms of equal price per mile. But ethanol does have an octane rating of 113 so blenders love it for making premium gasoline.
Ethanol uses 40% of corn production according to World of Corn. But when they post 2020 numbers it will be lower due to the drop in gasoline demand. But still much above 30%
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