◂ Event Timeline

Mar 15, 2023TRADELatin America

Ethanol Blending: Refinery Margins and Gasoline Arbitrage Ethanol into gasoline: How it impacts refiners’ margins and arb economics

A delegation from Mexico, Costa Rica, Ecuador, Panama and Colombia toured North Dakota corn, elevator and ethanol operations. The visit was part of promotional outreach before the RFA National Ethanol Conference.

WHY IT MATTERS

The trade mission promotes US ethanol and corn demand in Latin America but does not describe a new purchase or policy change. Price impact is negligible.

AFFECTSCorn◆

SOURCE
kpler.comMar 15, 2023

Price reaction & history

Corn◆neutralSO FAR1d -0.1%5d -0.6%20d +0.8%

After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.

Sep 20, 2022Brazil ethanol exports to Europe to hit 12-year record, as Europe margins crash-2.5%
Apr 12, 2025India must boost maize production and revamp grain ethanol pricing to unlock blending potential: Report - BioEnergy Times+1.1%
Dec 31, 2018China could play big role in improving U.S. ethanol margins - Brownfield Ag News+1.7%
Jul 3, 2025U.S. Exports of Ethanol and Distillers Grains Strengthened in May-5.1%
Oct 25, 2023ADM Profit Tops Estimates On Good Ethanol Margins, Brazilian Exports | ESM Magazine-3.5%

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.

Corn CORN · GP ▸

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