# In the News

> The USDA raised its FY2024 ethanol export forecast by $400 million to $4 billion, and projects a record volume that would exceed the FY2018 record of 1.6 billion gallons. It cited competitive U.S. prices and a more favorable U.S.-Brazil spread.

- Date: 2024-05-02 · published 2024-05-02T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/30247-in-the-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A record export forecast raises demand for U.S. ethanol and supports corn use for fuel. Stronger export competitiveness also adds to corn demand.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-02-07 | [Grain Barge Tonnages Drop in 2018 \| Feed & Grain News](https://feedsoft.ai/events/60485-grain-barge-tonnages-drop-in-2018-feed-and-grain-news.md) | +0.9% | -1.6% |
| CORN | 2020-10-12 | [More volatility ahead in the livestock markets - Brownfield Ag News](https://feedsoft.ai/events/50749-more-volatility-ahead-in-the-livestock-markets-brownfield-ag-news.md) | +2.1% | +5.7% |
| CORN | 2026-08-14 | [bne IntelliNews - The Black Sea war sends world wheat prices up](https://feedsoft.ai/events/14096-bne-intellinews-the-black-sea-war-sends-world-wheat-prices-up.md) | +4.0% | +10.7% |
| CORN | 2017-04-03 | [Both good and bad implications from the Grain Stocks report - Brownfield Ag News](https://feedsoft.ai/events/71538-both-good-and-bad-implications-from-the-grain-stocks-report-brownfield-ag-news.md) | -0.9% | +1.5% |
| CORN | 2020-09-08 | [Assessing the U.S. Climate in August 2020 \| News \| National Centers for Environmental Information (NCEI)](https://feedsoft.ai/events/50963-assessing-the-u-s-climate-in-august-2020-news-national-centers-for.md) | +2.7% | +6.6% |

## Sources

- mnbiofuels.org: https://www.mnbiofuels.org/component/k2/itemlist/category/8:in-the-news?start=128

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.