Ag sector struggles with low productivity; millers deal with rising costs

Uses primarily corn cobs to produce renewable fuel for European market.

Will use 1.3 million tonnes of corn, produce 160 million gallons annually.

Trade segment saw strong results on merchandising, elevation margins.

Facility will also produce renewable natural gas using stillage as feedstock.

Articulates differences with traditional DDGS for international customers.

Memorandum of understanding signed with Industrial Association of Sugar Cane of Panama.

US consumption expected to increase by up to 1.4 billion gallons.

Growing popularity of electric vehicles threatens to reduce ethanol demand.

Grain storage, merchandising margins likely to tighten in 2023.