Ethanol Prices Firm Tracking Gasoline Rally and Robust Blending Demand

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Feedstock Stability

Despite the rally in ethanol, corn input costs remain at multi-year lows due to the record 2025 harvest. This is providing ethanol producers with exceptionally high 'crush margins,' encouraging them to maintain full-tilt production throughout the spring.

Export Markets

US ethanol remains the most competitive option globally, with new export inquiries from India and South Korea supporting the FOB Gulf benchmark price.