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US ethanol prices fell 8.6% in the week ending October 10 and declined further early in the following week. Midwest, FOB Houston and FOB Santos quotes all softened, and co-product spreads moved as well.
Lower ethanol prices weaken plant margins and can reduce ethanol output, which lowers corn grind demand at the margin. The move is routine price commentary with no new cause.
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.