Loading…
USDA kept its FY2023 forecast for ethanol exports unchanged at $3.6 billion, down 11% from the prior record. Canada is the main growth market while sales to Brazil remain minimal and several key markets are expected to weaken.
Lower export value forecasts point to softer ethanol demand, which can reduce corn use and DDGS demand. Canada's strength offers partial support for U.S. coproduct volumes.
mnbiofuels.orgLiliana TovarJun 7, 2023After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
