Most market analysts point to weather and trade when discussing the biggest factors for corn and soybean prices in 2021.
Glenn Wachtler with Compeer Financial agrees, but says ethanol should also be included.
“We’ve seen production increase already, probably even more than what the driving patterns have been. Countries are adopting renewable fuels, and ethanol can hopefully keep benefiting.”
He tells Brownfield ethanol plants are going up all around the globe.