Production Efficiency and Stocks
US ethanol production continues to hover at record weekly levels. While domestic gasoline blending has seen a seasonal dip, strong export demand from the aviation and international chemical sectors is helping to prevent a significant inventory build-up.
Biofuel Mandate Support
Continued policy support for sustainable aviation fuel (SAF) and low-carbon fuel mandates is providing a long-term demand tailwind. However, ethanol prices remain range-bound due to the overall weakness in the broader energy and corn complexes.