Atten Babler Ethanol FX Indices – Oct ’15
The Atten Babler Commodities Ethanol Foreign Exchange (FX) Indices remained at record or near record highs during Sep ’15. The USD/Ethanol Producer FX Index increased to a new record high while the USD/Domestic Ethanol Importer FX Index increased to a 12 year high throughout the month.
Global Ethanol Producers:
Major ethanol producers are led by the U.S., followed by Brazil, the EU-28, China, India and Canada.
USD/Ethanol Producer FX Index:
The USD/Ethanol Producer FX Index increased 6.0 points in Sep ’15 to a new record high value of 131.6. The USD/Ethanol Producer FX has increased 25.4 points since the beginning of 2014 and 11.8 points throughout the past six months. A strengthening USD/Ethanol Producer FX Index reduces the competitiveness of U.S. ethanol relative to other major producing regions (represented in green in the Global Ethanol Producers chart), ultimately resulting in less foreign demand, all other factors being equal. USD appreciation against the Brazilian real has accounted for the majority of the gains since the beginning of 2014.
USD appreciation within the USD/Ethanol Producer FX Index during Sep ’15 was led by gains against the Brazilian real, followed by USD appreciated against the Indian rupee, Canadian dollar and Chinese yuan renminbi.
U.S. Ethanol Export Destinations:
Major destinations for U.S. dairy exports are led by Canada, followed by the Philippines, Brazil, the United Arab Emirates, Peru and Mexico.
USD/Domestic Ethanol Importer FX Index:
The USD/Domestic Ethanol Importer FX Index increased 2.5 points in Sep ’15 a value of 113.8. The USD/Domestic Ethanol Importer FX Index finished at the highest figure experienced in the past 12 years and has increased 21.8 points since the beginning of 2014 and 7.5 points throughout the past six months. A strengthening USD/Domestic Ethanol Importer FX Index results in less purchasing power for the traditional buyers of U.S. ethanol (represented in red in the U.S. Ethanol Export Destinations chart), ultimately resulting in less foreign demand, all other factors being equal. USD appreciation against the Canadian dollar and the Brazilian real has accounted for the majority of the gains since the beginning of 2014.
USD appreciation within the USD/Domestic Ethanol Importer FX Index during Sep ’15 was led by gains against the Brazilian real, followed by USD appreciated against the Canadian dollar, Mexican peso, Philippine peso and Indian rupee.
USD/Ethanol Producer FX Index:
The USD/Ethanol Producer FX Index increased 6.0 points in Sep ’15 to a new record high value of 131.6. The USD/Ethanol Producer FX has increased 25.4 points since the beginning of 2014 and 11.8 points throughout the past six months. A strengthening USD/Ethanol Producer FX Index reduces the competitiveness of U.S. ethanol relative to other major producing regions (represented in green in the Global Ethanol Producers chart), ultimately resulting in less foreign demand, all other factors being equal. USD appreciation against the Brazilian real has accounted for the majority of the gains since the beginning of 2014.
USD appreciation within the USD/Ethanol Producer FX Index during Sep ’15 was led by gains against the Brazilian real, followed by USD appreciated against the Indian rupee, Canadian dollar and Chinese yuan renminbi.
U.S. Ethanol Export Destinations:
Major destinations for U.S. dairy exports are led by Canada, followed by the Philippines, Brazil, the United Arab Emirates, Peru and Mexico.
USD/Domestic Ethanol Importer FX Index:
The USD/Domestic Ethanol Importer FX Index increased 2.5 points in Sep ’15 a value of 113.8. The USD/Domestic Ethanol Importer FX Index finished at the highest figure experienced in the past 12 years and has increased 21.8 points since the beginning of 2014 and 7.5 points throughout the past six months. A strengthening USD/Domestic Ethanol Importer FX Index results in less purchasing power for the traditional buyers of U.S. ethanol (represented in red in the U.S. Ethanol Export Destinations chart), ultimately resulting in less foreign demand, all other factors being equal. USD appreciation against the Canadian dollar and the Brazilian real has accounted for the majority of the gains since the beginning of 2014.
USD appreciation within the USD/Domestic Ethanol Importer FX Index during Sep ’15 was led by gains against the Brazilian real, followed by USD appreciated against the Canadian dollar, Mexican peso, Philippine peso and Indian rupee.