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U.S. ethanol exports reached 78.5 million gallons in June 2020, up 16% from May. Canada regained its position as the largest market at 27.4 million gallons, while sales to India fell 15%.
Brazilian cane ethanol imports resumed at 10.5 million gallons.
Recovering export demand supports ethanol production and therefore corn grind and DDGS output. The gains are incremental and do not change the feed price outlook much.
ethanolrfa.orgRenewable Fuels AssociationAug 5, 2020
mnbiofuels.orgLiliana TovarAug 6, 2020Not 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.
