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US ethanol prices fell 7.9% the prior week and extended declines early in the week, with Midwest rack ethanol quoted at 178.88 cents per gallon. FOB Houston was at 174.28 cents per gallon, and Brazilian Santos at about 223.75 cents per gallon.
BTX aromatic prices also dropped.
Lower ethanol prices squeeze plant margins and can reduce corn grind, which is bearish for corn. The move is routine price reporting without a new cause.
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.