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U.S. Midwest wholesale ethanol prices rose 3.1% last week and another 2.3% through Tuesday, reaching 181.48 cents per gallon. FOB Houston prices also climbed, while Brazilian FOB Santos ethanol fell 0.3%, and U.S. ethanol export offers to Central America and Southeast Asia moved higher week-over-week but remained well below year-ago levels.
Stronger U.S. ethanol prices support corn demand from ethanol plants and the DDGS byproduct stream, while weaker year-over-year export values signal soft international demand for U.S. ethanol.
grainjournal.comNov 21, 2024Not 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.
