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TPH Energy Research says Q3 Midwest ethanol margins have averaged $1.05 per gallon so far, above expectations but down from $1.15 in Q2. Lower dried distillers grains and corn oil prices trimmed margins, while corn prices fell despite a bullish WASDE.
TPH raised its Green Plains EBITDA forecast.
Softer DDGS and corn prices lower feed co-product values for buyers, while strong ethanol exports support corn demand. Margins remain healthy, which supports continued ethanol plant output.
finwires.comFINWIRES EditorialJul 15, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
