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U.S. ethanol prices fell about 9.8% in the week ended June 30 and remained steady early in the following week, with Midwest rack ethanol near 262.87 cents per gallon. FOB Houston and FOB Santos prices also eased, and the Gulf-Santos spread widened.
Benzene and other BTX components weakened sharply.
Lower ethanol prices can reduce ethanol plant margins and slow production, which would trim DDGS and corn demand from the ethanol sector over time.
grains.orgJul 5, 2023Not 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.
