Ethanol Markets Steady Amid Record High Biofuel Export Forecasts

Global Mandate Pull

The primary driver for ethanol remains the expansion of blending mandates in countries like India and several Eurozone nations. US producers have positioned themselves as the low-cost global supplier, and record export volumes are expected to absorb any domestic surplus resulting from the shift to EVs and higher fuel efficiency in the US fleet.

Feedstock Stability

Corn prices have recently stabilized, providing a predictable cost base for biofuel mills. The industry is currently operating at high capacity utilization rates, with the 2026 outlook appearing balanced as long as international trade channels remain open and free of major tariff disruptions.