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An outlook piece on the 2024 ethanol market says the industry kept positive margins in 2023 despite near three-year lows late in the year. It highlights a possible EPA E15 rule change and Inflation Reduction Act SAF credits as growth drivers.
S&P Global put the 2023 average cash margin at 41 cents per gallon.
Policy changes such as E15 sales approval could lift ethanol blending and corn demand. Margins that held up through the downturn suggest steady corn grind ahead.
tanktransport.comNeal HightowerFeb 22, 2024Not 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.
