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OPIS previews 2019 ethanol and carbon credit markets after a 2018 supply glut drove ethanol prices lower. It highlights China and Mexico as potential export growth markets, although trade tensions and Mexican infrastructure limits remain obstacles.
EIA expects lower gasoline prices in 2019.
Lower gasoline prices narrow ethanol's discount and could weaken its blending economics. Export access to China and Mexico would be needed to absorb surplus ethanol and support corn grind.
opis.comopisteamFeb 19, 2019Not 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.
