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Cropenergies' profit tripled on higher ethanol volumes and prices. The company reported that ethanol imports into the EU and Britain from Brazil and the US have lowered sales prices for the biofuel.
Cheaper imported ethanol into Europe signals softer global ethanol prices, which can weaken the economics of corn and co-product demand from ethanol producers.
reuters.comOct 12, 2022After 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.
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.
