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USDA forecasts FY2022 U.S. ethanol exports at $2.4 billion, up $200 million from FY2021, driven by higher sales to Brazil and the UK. It expects FY2021 exports to fall to $2.2 billion, the lowest Brazilian purchases in a decade.
Higher expected ethanol export demand from Brazil and the UK supports ethanol production and corn grind, which supports DDGS supply and corn demand.
biofuelsdigest.comMeghan SappSep 7, 2021After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.
