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S&P Global forecasts European fuel ethanol demand growth in 2024, supported by E10 rollouts, higher blending mandates and RED III targets. It also expects bearish European import prices as US and Brazilian inventories are healthy and new capacity comes online.
Expected cheaper ethanol imports and steady EU demand point to softer ethanol-linked corn and feedstock values, with limited direct effect on feed grain prices.
spglobal.comDec 27, 2023Not 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.
