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U.S. wholesale ethanol prices fell about 5% over the week ending September 10, with Midwest rack and FOB Houston quotes both lower. Brazilian anhydrous ethanol at Santos rose 6.4% in early trading.
BTX aromatic and MTBE prices also declined.
Lower ethanol values weaken the margin case for ethanol plants, which can reduce corn and DDGS demand over time. The move is routine and does not signal a major supply change.
grains.orgSep 11, 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.
