# USDA Maintains Forecast for FY 2023 Ethanol Exports

> 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.

- Date: 2023-06-07 · published 2023-06-07T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/35475-usda-maintains-forecast-for-fy-2023-ethanol-exports
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

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.

## Read by commodity

- CORN: neutral
- DDGS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-02-08 | [WASDE maintains forecast for corn use in ethanol, corn prices \| Ethanol Producer Magazine](https://feedsoft.ai/events/31776-wasde-maintains-forecast-for-corn-use-in-ethanol-corn-prices-ethanol-producer.md) | -1.4% | +1.6% |
| CORN | 2024-07-16 | [CoBank Maintains Positive Outlook for Ethanol](https://feedsoft.ai/events/29245-cobank-maintains-positive-outlook-for-ethanol.md) | +3.0% | +0.7% |
| CORN | 2020-02-11 | [USDA lifts wheat, soybean export forecasts \| 2020-02-11  \| World Grain](https://feedsoft.ai/events/54562-usda-lifts-wheat-soybean-export-forecasts-2020-02-11-world-grain.md) | +0.7% | +0.7% |
| CORN | 2023-11-08 | [USDA: Ethanol Exports Top 120 Million Gallons In September](https://feedsoft.ai/events/33158-usda-ethanol-exports-top-120-million-gallons-in-september.md) | +0.4% | -0.5% |
| CORN | 2018-07-06 | [U.S. Ethanol Exports Slide in May; DDGS Shipments Remain Robust](https://feedsoft.ai/events/64022-u-s-ethanol-exports-slide-in-may-ddgs-shipments-remain-robust.md) | -1.7% | -0.3% |

## Sources

- mnbiofuels.org: https://mnbiofuels.org/usda-maintains-forecast-for-fy-2023-ethanol-exports

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