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US ethanol exports fell 32% in May to 67.5 million gallons, the smallest monthly volume in four years, driven by a sharp drop in sales to Brazil. India remained the top global market at 14.9 million gallons, while shipments to Canada and the Netherlands rose.
Weaker ethanol export demand reduces outlets for US ethanol output and the distillers grains co-product, a modest bearish signal for DDGS and corn demand tied to ethanol plants.
ethanolrfa.orgRenewable Fuels AssociationJul 2, 2020Not enough comparable past events yet for a historical read.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
