A Worrying Sign For Global Oil Demand

Friday June 21, 2019 1. Corn prices surge…so does ethanol – Catastrophic flooding in the U.S. Midwest delayed plantings and ravaged corn fields, which is having knock on effects in multiple commodity markets. – Corn prices have spiked as a result of fears over adequate supplies. – “If less corn is produced in the US, less ethanol can be produced as a result. Since mid-May, this prospect has pushed up not only the corn price but also the prices of ethanol,” Commerzbank wrote in a note. Ethanol prices are up 18 percent since mid-May,…