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U.S. wholesale ethanol prices fell for a third straight week, with Midwest rack down to 48.9 cents per liter and FOB Houston down 11.4% last week. MTBE and aromatic component prices also weakened.
Lower ethanol values reduce margins for plants and can ease the corn bid from the ethanol sector. The move is a routine price decline without a new supply shock.
Not 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.