# Ethanol Blending: Refinery Margins and Gasoline Arbitrage Ethanol into gasoline: How it impacts refiners’ margins and arb economics | Kpler - Mar 15, 2023

> 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.

- Date: 2023-03-15 · published 2023-03-15T12:00:00.000Z
- Category: trade · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/36842-ethanol-blending-refinery-margins-and-gasoline-arbitrage-ethanol-into-gasoline
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## 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.

## Read by commodity

- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-09-20 | [Brazil ethanol exports to Europe to hit 12-year record, as Europe margins crash](https://feedsoft.ai/events/39566-brazil-ethanol-exports-to-europe-to-hit-12-year-record-as-europe-margins-crash.md) | -2.5% | +2.4% |
| CORN | 2025-04-12 | [India must boost maize production and revamp grain ethanol pricing to unlock blending potential: Report - BioEnergy Times](https://feedsoft.ai/events/25105-india-must-boost-maize-production-and-revamp-grain-ethanol-pricing-to-unlock.md) | +1.1% | -5.2% |
| CORN | 2018-12-31 | [China could play big role in improving U.S. ethanol margins - Brownfield Ag News](https://feedsoft.ai/events/61567-china-could-play-big-role-in-improving-u-s-ethanol-margins-brownfield-ag-news.md) | +1.7% | +2.2% |
| CORN | 2025-07-03 | [U.S. Exports of Ethanol and Distillers Grains Strengthened in May](https://feedsoft.ai/events/23736-u-s-exports-of-ethanol-and-distillers-grains-strengthened-in-may.md) | -5.1% | -5.0% |
| CORN | 2023-10-25 | [ADM Profit Tops Estimates On Good Ethanol Margins, Brazilian Exports \| ESM Magazine](https://feedsoft.ai/events/33610-adm-profit-tops-estimates-on-good-ethanol-margins-brazilian-exports-esm-magazine.md) | -3.5% | -4.0% |

## Sources

- kpler.com: https://www.kpler.com/blog/how-does-the-direct-blending-of-ethanol-into-gasoline-impact-refiners-margins-and-arb-economics

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.