
US wholesale ethanol prices slipped about 1% in the week to June 24, with Midwest rack ethanol at 47.99 cents per liter. FOB Houston ethanol fell 6.7% last week and was down a further 1.3% in early trading.
Brazilian anhydrous ethanol was quoted at 55.11 cents per liter, and the Gulf-Santos spread was negative.
Lower ethanol prices weaken the value of ethanol relative to corn, which trims plant margins and may reduce grind. Softer ethanol values also weigh on DDGS and corn oil returns.
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.