A US ethanol rally to be thankful for?

4 Nov 2015   Biofuels

November is the month of Thanksgiving in the US, and if historical trends hold up, we’re about to see a price recovery that producers will appreciate. Before I dive into the evidence, I would first like to apologize for being wrong in September. I guess my crystal ball was a little fuzzy when I suggested that we were about to see a downturn in prices. US ethanol prices for four consecutive years had lowered in September, but thanks to crop concerns and rallying corn prices, that streak was broken. Similarly, we saw another minimal gain in October. So let’s try this again. Across the last four years, the Platts Chicago Argo benchmark ethanol assessment has averaged a 37.5-cent rise in November. Before you get too excited about that, understand that the bulk of those gains were made in the past two years. In 2014, the assessment rallied 98 cents […]

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