An ag economist says declining fuel prices are altering the demand for biofuels.
The University of Missouri’s Ben Brown says that’s because of an increasing global oil supply, pointing to the U.S last week…
“It was reported that six new [oil] rigs came online to bring us up to just over 6,000 rigs here in the United States,” he said.
Brown said that’s a return to pre-COVID levels.
He tells Brownfield falling fuel prices could be positive for ethanol demand.