In 2022, corn market prices remained at high levels. Although corn ethanol profits increased,Many months still show losses or are near the break-even point, 2022Ethanol producers continue to face cost pressures.
Ethanol and corn price trends have been closely aligned. Corn prices: throughout the year, the pace of grain sales at the grassroots level in major producing regions (Northeast and North China) remained relatively stable. Amid expectations of rising planting costs such as land rent and fertilizers, grassroots sellers held a bullish outlook on corn selling prices. New-corn opening prices started higher than last year and continued to rise, resulting in an overall strong performance for corn prices throughout the year.