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US ethanol exports in July 2020 were 74.0 million gallons, down 6 percent to the lowest volume in ten months, with Canada, India and South Korea among the stronger buyers. US DDGS exports posted big gains in the same month.
Brazil was notably absent from ethanol purchases for a second straight month.
Strong DDGS export gains support demand for US co-products and firm export-driven DDGS prices. Soft ethanol export volumes weigh on plant margins and ethanol-linked corn demand.
ethanolrfa.orgRenewable Fuels AssociationSep 3, 2020Not enough comparable past events yet for a historical read.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
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.
