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Kpler analysis finds that blending ethanol into E10 gasoline improves refiner margins and arbitrage economics. The firm notes the US gasoline market is tightening ahead of summer driving season.
Ethanol blending economics affect the strength of ethanol demand and therefore corn grind. The impact on feed prices is indirect and modest.
brownfieldagnews.comadminMar 8, 2023After 102 past neutral macro events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -3.3% to +2.5%), and +1.8% over 20.
After 78 past neutral macro events, Corn moved a median +0.3% over 5 sessions (55% higher; middle half -1.1% to +1.6%), 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.
