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The European Commission will introduce retroactive surveillance on fuel bioethanol imports over the past three years, after imports rose 45% from 2021 to 2022. The US, Brazil, and Peru were the top three suppliers to the bloc in 2022.
Possible EU import scrutiny could limit US and Brazilian ethanol flows to Europe, reducing ethanol export demand and marginally weighing on corn-based ethanol economics.
spglobal.comSep 15, 2023After 310 past bearish policy events, Corn moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.
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.
