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U.S. ethanol exports in August rose 35% to 100.7 million gallons, the largest monthly volume since March. Canada took 36% of the total, and sales to Nigeria, Colombia, and Mexico increased, while India declined.
Year-to-date exports were 10% lower than a year earlier.
Stronger ethanol export demand supports ethanol plant margins and corn grind. Weaker DDGS sales are a modest bearish factor for feed-ingredient prices.
ethanolrfa.orgRenewable Fuels AssociationOct 6, 2020After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
