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US ethanol prices fell 4.1% in the prior week before rebounding about 2% early in the week of July 24. FOB Santos Brazil ethanol was quoted at a premium to Gulf prices, with the spread narrowing.
Ethanol price moves and the Gulf-Santos spread shape export arbitrage and therefore ethanol and DDGS export demand.
grains.orgJul 24, 2024grains.orgJul 25, 2024Not enough comparable past events yet for a historical read.
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.
