Ethanol increased 0.03 USD/GAL or 1.87% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Ethanol reached an all time high of 4.33 in June of 2006.
Ethanol is expected to trade at 1.89 USD/GAL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.94 in 12 months time.
Ethanol
The ethanol market is growing rapidly, particularly due to the governments mandate for renewable fuels. Ethanol is largely produced through fermenting starch or sugar-based feedstocks. In the United States, corn is the principal raw material; in Brazil, the world's leading ethanol producer, sugar cane is widely used. In the United States, Ethanol Futures are available for Trading in The Chicago Board of Trade (CBOT® ). The market prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 1.70 | 1.72 | 4.33 | 0.81 | 2005 - 2024 | USD/GAL | Daily |
